The Rekt Pleb Emerges as a Whale After 14 Consecutive Days of Short Squeeze, Opens 40x Bitcoin Short Position

BlockBeats News, August 24th. According to TradingBeats (formerly Hyperinsight), an address has shorted Bitcoin and Ethereum 14 times in the past 5 days, all resulting in losses. The total loss amounts to $4.56 million. This operation is likened to a counterpart of the long position that has been liquidated multiple times before.

Now, the same address has initiated its 15th short position, opening a 300 BTC short at 40x leverage, worth $23.13 million.