A whale closed its long position in crude oil, making a profit of approximately $755,000, and then used 30x leverage to short the Nasdaq 100.

CoinFeed reported on March 6th that, according to Lookonchain, a whale with the address "0xf4b8" closed its existing long position in #oil, realizing a profit of approximately $755,000. It then switched its position to a 30x leveraged short position in #XYZ100 (related to the Nasdaq 100 index), with a notional position exceeding $25 million. The liquidation price for this short contract was $26,688.65.