Whale switches to long BTC after closing ETH position, facing unrealized loss

According to BlockBeats on-chain detective reports, on May 19, EmberCN monitored a giant whale opening a short position with 25x leverage worth $103 million in ETH at $2,514, ultimately closing with a loss of $2.46 million. The whale then switched to BTC, opening a long position with 40x leverage for 166 BTC at a price of $106,580, with a position value of $17.6 million and a liquidation price of $105,510, currently in a state of unrealized loss.