On-Chain "Gambler" Shorts BTC and ETH 8 Times in Two Days, Accumulated Liquidation Losses of $3.28 Million

On August 21, according to monitoring by on-chain analytics platform Lookonchain (@lookonchain), the on-chain address 0x004E attempted to short BTC and ETH 8 times over the past two days, with each attempt resulting in liquidation, accumulating losses of approximately $3.28 million.

Previously, this address had opened a short position of approximately $81.6 million, including 20,000 ETH (approximately $45.69 million) and 500 BTC (approximately $35.93 million), with liquidation prices set at $2,327.03 for ETH and $72,755.85 for BTC. Currently, all of the aforementioned short positions have been forcibly liquidated.

[TechFlow]