Trader Experiences Major Losses After Bitcoin and Litecoin Trades

A trader using the pseudonym 0x152e recently faced significant losses, shedding $846,000 from a long position in ZEC. They then entered a short position on ZEC with a leverage of five times, worth approximately $2.66 million following the coin’s rebound. Furthermore, they initiated a long position on 367.36 BTC, valued at $31.63 million, leveraging it 20 times.