Swing trading whale "pension-usdt.eth" has suffered a floating loss of over $16 million by shorting both $BTC and $ETH with 3x leverage.

CoinFeed reported on May 4th that, according to Onchain Lens monitoring, as the market rises, the whale account "pension-usdt.eth," which holds a 3x short position in both $BTC and $ETH, is currently experiencing a floating loss of over $16 million.