A whale used high leverage to short ETH and go long BTC, with a total value exceeding $75 million.

CoinFeed reported on May 17th that, according to Lookonchain monitoring, whale 0x50b3 is shorting ETH and going long on BTC. It has opened a 25x leveraged short position on 23,151 ETH (worth $50.55 million) and a 20x leveraged long position on 323.72 BTC (worth $25.27 million).