According to CoinMeta, as monitored by on-chain analyst AI, a large trader went long on 20,000 ETH and closed out their BTC short positions, exiting with a loss of $114,000. This account held these positions for less than 7 hours; a short position in BTC with a leverage of 4 times, valued at approximately $49.59 million, triggered a stop-loss order. The same account took two short positions in BTC and exited with a total loss of $547,000 from these three trades.