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Just Double short… and not playing small at all 😬 Alright this guy just went all in on the downside. In the last 30 minutes, he opened 20x shorts on both majors... 421 Bitcoin (~$29.7M) and 13,727 Ethereum (~$29M). That’s nearly $60M total exposure… not exactly dipping a toe in.
And the current position is as below 👇
Account value: $6.52M, Total position value: $59.44M, Leverage: ~11.2x, All-time PnL (perp): +$5.57M, Current uPnL: +$426K, Direction: 100% short.
$BTC short (isolated 20x): Position size: 421.20 BTC, Position value: $29.74M, Entry price: $71,100.5, Liquidation price: $73,710.0 and uPnL: +$204K (+12.07%).
$ETH short (isolated 20x): Position size: 13,727 ETH, Position value: $29.70M, Entry price: $2,179.8, Liquidation price: $2,243.2 and uPnL: +$222K (+13.01%).
So yeah… right now, both positions are in profit. But the setup is clear....high leverage, tight liquidation levels, and full directional bias. If the market keeps slipping, this turns into a serious win… but if it bounces..... That $60M exposure starts getting uncomfortable very fast.
here is the address if you’re tracking this play:
0x049bdC370620bEaB340B01072FA580FD57745E7D