Whale 0x76AB recently shifted from spot trading to high-leverage Ethereum positions, resulting in significant losses. Four days ago, the trader sold 1,654 ETH, valued at $5.49 million, and entered into leveraged long positions on Ethereum. Despite making three trades, two resulted in losses, accumulating over $3.3 million in losses within this short period. This highlights the inherent risks associated with high-leverage trading strategies.