Significant Short Positions in BTC and ETH Detected

On April 20, significant short positions in Bitcoin (BTC) and Ethereum (ETH) were detected, according to Hyperinsight monitoring. According to BlockBeats, an address beginning with 0xec4 opened short positions in both BTC and ETH within the past hour, totaling approximately $12.5 million. The BTC short position involves 100 BTC with a leverage of 40x, valued at around $7.96 million at an average price of $74,677. Meanwhile, the ETH short position consists of 2,000 ETH with a leverage of 25x, valued at approximately $4.6 million at an average price of $2,292. Currently, these positions are experiencing an unrealized loss of about $75,000.