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A major player has incurred paper losses of over $6.37 million from shorting BTC and ETH with 10x leverage
Svmuu News: According to Lookonchain monitoring, a whale (0x218A...7Da2) currently holds 10x leveraged short positions in BTC and ETH, with unrealized losses exceeding $6.37 million. To avoid liquidation, the address has deposited 4.8 million USDC into Hyperliquid.
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