A newly created cryptocurrency wallet has withdrawn $4 million in USDC from Coinbase over the past two days. The wallet has used these funds to open leveraged short positions on Ethereum (ETH) at 15x and ENA at 10x. Currently, these positions are incurring a floating loss of $1.44 million, highlighting the volatility and risk associated with high-leverage trading strategies.
New Wallet Withdraws $4M USDC from Coinbase, Faces $1.44M Loss on Short Positions
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