A whale simultaneously entered a 40x leverage long position on Bitcoin and a 20x leverage position on SOL. They are currently experiencing a total loss of $2.15 million in the past 24 hours.

BlockBeats News, July 16th. According to on-chain data, a whale increased their 40x short position on BTC by 48.88 coins on Hyperliquid, while also adding 5110.52 coins to their 20x long position on SOL.

As of the time of writing, the address also holds multiple short positions on various major assets, such as a 25x short position on ETH worth $16.35 million and a 20x short position on XRP worth $2.02 million. Due to their positions, the address has incurred a total unrealized loss of over $2.15 million in the past 24 hours.