Lookonchain: Trader Who Lost $3 Million on Bitcoin Longs Opens 5x Leveraged Ether Long

A trader previously reported to have lost $3 million on Bitcoin long positions returned after 10 days and incurred an additional $360,000 loss after an unsuccessful attempt to short Bitcoin. According to ChainCatcher, Lookonchain reported that the trader then switched to a bullish Ether position, opening a 5x leveraged long for 31,956 ETH with a notional position of about $55.0 million.