A certain "rollover trader" used the floating profit from his ETH short position to open another BTC short position worth $52.48 million.

After making a $1.8 million profit on his ETH short position today, a "rollover trader" used the profit to open a $52.48 million BTC short position. With a principal of 3 million USDC, he now has a short position worth $152 million, with an effective leverage of up to 35 times and the liquidation price very close.