A crypto whale, known as "Lightning Flip" (0x50b30), has incurred significant losses exceeding $1 million from leveraged short positions in Bitcoin and Ethereum. The whale shorted 684.54 BTC with 20x leverage at an average entry price of $87,428.6, leading to a floating loss of $700,000. Additionally, the whale shorted 10,112.2 ETH with 25x leverage at an average entry price of $2,898.77, resulting in a floating loss of $339,000. This address is noted for its rapid long-short reversals, often engaging in large-scale opposite-position building immediately after closing positions.