A major whale shorted Bitcoin and Ethereum, making a paper profit of $2.75 million.

After a three-month hiatus, a major whale shorted 620.71 Bitcoins with 40x leverage and 22,050 ETH with 25x leverage, for a total short value of approximately $96.33 million. Currently, it has a floating profit of $2.75 million, a profit of $2.69 million over the past 30 days, and a cumulative profit of $1.16 million.