[ETH Whale Failed High-Leverage Short Last Night, Losing $1.45 Million]
A cryptocurrency whale, who previously maintained a 100% win rate, opened a short position with 25x leverage worth $37.67 million when ETH was priced at $3,300 last night. However, ETH's price subsequently rebounded to $3,404, forcing the whale to close the position and incur a loss of $1.45 million. To maintain the position, the investor had withdrawn 3,922 SOL from Bybit and converted it into 618,000 USDC as additional margin. This incident highlights the risks of high-leverage trading.