A whale, after closing out its long positions in ETH and BTC and incurring a loss of $6.2 million, has turned bearish.

Whale 0x0ddf closed out its long positions in ETH and BTC, incurring a loss of approximately $6.2 million, and subsequently turned bearish—opening a short position of 20,000 ETH with 2x leverage, worth $60.4 million.