A whale failed in shorting BTC, losing $360,000, then switched to opening a 5x leveraged long position on ETH

Odaily Planet Daily reported, according to Lookonchain monitoring, the whale who previously lost approximately $3 million by longing BTC re-entered the market for trading after 10 days. Today, this whale attempted to short BTC but the trade failed, incurring another loss of about $360,000. Subsequently, the whale shifted to the ETH market, opening a 5x leveraged long position, buying 31,956 ETH, with the position value being approximately $54.98 million. Currently, this whale has switched from a BTC directional trade to a long position on ETH, and the market is closely watching the subsequent performance of this high-leverage operation.