Whale takes $4.09M loss on BTC long, opens $73.5M ETH short

An investor known as 'pension-usdt.eth' has closed a 10x leveraged BTC long position, realizing a loss of $4.09 million, according to Onchainlens. The investor subsequently opened a 3x leveraged short position on ETH for 25,000 ETH, valued at $73.54 million. The position's entry price is $2,927.33, with a liquidation price of $3,990.63.