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CryptoWorld News reports that, according to Lookonchain monitoring, whale address 0x50b3 is shorting Ethereum (ETH) while going long on Bitcoin (BTC). They opened a 25x leveraged short position on ETH, totaling 23,151 coins, with a nominal value of approximately $50.55 million. They also opened a 20x leveraged long position on BTC, totaling 323.72 coins, with a nominal value of approximately $25.27 million. The liquidation price for ETH is $2,288.33, and the liquidation price for BTC is $70,325.36.