30x leverage, went short $71 million—this guy is treating contracts like Russian roulette, huh? Truly, profit and loss come from the same source.

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BlockBeatNews
Whale trader Evaded admits the loss, closes the long position, switches to short, and opens a $71 million short position in BTC
BlockBeats News, May 27 — According to OnchainLens monitoring, the whale trader Evaded (@ICanPlug) evaded closing his long positions in ZEC and BTC, incurring a loss of $4.83 million.

Subsequently, he opened a short position of 940 BTC with 30x leverage, valued at $71 million, and his total loss has now exceeded $3.69 million.
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