A trader who used high leverage to short the US stock index has already incurred a paper loss of $1.9 million.

CoinFeed reported on May 9th that, according to Lookonchain monitoring, this trader is shorting the Nasdaq 100 and S&P 500 indices with high leverage, currently facing a floating loss of over $1.9 million. Nine hours ago, they deposited another 1 million USDC to avoid liquidation.