Top Trader Takes Fresh 40x BTC Short Following $320K Loss Exit

Crypto trader Evaded has once again turned bearish on Bitcoin, opening a new 40x-leveraged short position on 525.34 BTC valued at approximately $40.32 million, with a liquidation level set at $77,413.63.

The move follows his recent decision to close a prior Bitcoin short at a reported $320,000 loss, marking a rapid shift in his trading approach. Shortly after exiting that position, he redirected his focus to Zcash (ZEC), fully committing to a long trade.

He currently holds around 53,500 ZEC, worth roughly $34 million, which is now showing an estimated unrealized loss of $1.87 million.

Source: Lookonchain