Lost $495K Shorting ETH… Then Flipped Long .
Trader 0x914b just took a pretty painful hit on an $ETH short… and then immediately switched sides.
The trader lost $495,790.60 while shorting 14,976 ETH, a position worth around $40.97M.
But instead of stepping away, they flipped bullish and opened a massive 25x long on 23,734 #ETH , worth roughly $64.3M.
Entry price: $2,706.39, Liquidation price: $2,650
So basically… lost nearly $500K on the short, then turned around and put $64M+ behind a 25x ETH long.
Now the whole trade comes down to whether ETH can hold above that liquidation zone.
Address: 0x914bd8f2b309b27a13773c4071def1afd741df6a
Trader 0x914b just took a pretty painful hit on an $ETH short… and then immediately switched sides.
The trader lost $495,790.60 while shorting 14,976 ETH, a position worth around $40.97M.
But instead of stepping away, they flipped bullish and opened a massive 25x long on 23,734 #ETH , worth roughly $64.3M.
Entry price: $2,706.39, Liquidation price: $2,650
So basically… lost nearly $500K on the short, then turned around and put $64M+ behind a 25x ETH long.
Now the whole trade comes down to whether ETH can hold above that liquidation zone.
Address: 0x914bd8f2b309b27a13773c4071def1afd741df6a
