Address "0x049" used high leverage to go long approximately $20 million worth of BTC and ETH within two weeks.

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PA一线

PANews reported on June 10 that, according to Onchain Lens, on-chain address "0x049" has opened a total of 162.62 BTC and 6,136 ETH long contract positions in the past two weeks, with a leverage ratio of 20x and a total notional position value of approximately $20 million.

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Machi's 25x leveraged ETH long position suffered partial liquidation, with cumulative losses approaching $35 million.
PANews Newsflash