Swing trading whale "pension-usdt.eth" has suffered a floating loss of over $16 million by shorting both $BTC and $ETH with 3x leverage.

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PANews reported on May 4th that, according to Onchain Lens monitoring, as the market rises, the whale account "pension-usdt.eth," which holds a 3x short position in both $BTC and $ETH, is currently experiencing a floating loss of over $16 million.

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The whale pension-usdt.eth's short positions in BTC and ETH are currently showing a floating loss of $15.25 million.
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The whale "pension-usdt.eth" currently holds over $100 million in short positions in BTC and ETH.

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In the past hour, $110 million in positions were liquidated across the entire network, with short positions accounting for $108 million.
PANews Newsflash