Trader Holds $152M Short Positions in ETH and BTC with 35x Leverage Using $3M USDC Margin
A trader expanded short positions to a notional value of $152M in ETH and BTC on Jan. 19, using $3M USDC as margin with 35x leverage, on-chain data show. The positions include a 31,093 ETH short worth $99.87M with an entry price of $3,270 and liquidation at $3,264, showing an unrealized profit of $1.8M, and a 563 BTC short worth $52.48M opened at $92,623 with liquidation at $96,057 and an unrealized loss of $280,000. The trader's ETH liquidation price is very close to the current level, highlighting tight margin on these high-leverage shorts.