Giant Whale ETH high leverage short selling lost $2.46 million, switched to BTC 40 times long

Odaily Planet Daily News: According to the monitoring of embers, a giant whale shorted ETH worth $103 million with 25 times leverage at a price of $2514 yesterday. Due to the continuous rise of ETH, a stop loss was triggered, resulting in a loss of $2.46 million to close the position. But ETH immediately fell back after its liquidation. The trader immediately turned to BTC and long 166 BTC (worth $17.6 million) with a leverage of 40 times at a price of $106580, with a liquidation price of $105510. A slight correction in BTC may lead to another liquidation.