High-Leverage Crypto Positions Opened for ETH and BTC

In the past hour, a significant development has been observed in the cryptocurrency market. According to ChainCatcher, an address identified as 0x049b has opened long positions on Ethereum (ETH) and Bitcoin (BTC) using 20x leverage. The ETH position involves 9,256 units, while the BTC position comprises 282.47 units, with a combined value of approximately $40.29 million. The liquidation prices for these positions are set at $2,095.13 for ETH and $68,132.62 for BTC.