A whale identified as pension-usdt.eth is facing a $15.25 million loss after shorting $110 million worth of Bitcoin (BTC) and Ethereum (ETH) with 3x leverage at the beginning of the month. The positions were opened at market lows, but a price rebound in April has led to significant unrealized losses. The whale shorted 1,000 BTC at $67,992, now incurring a $10.57 million loss with a liquidation price of $99,394. Additionally, 20,000 ETH were shorted at $2,132, resulting in a $4.68 million loss, with a liquidation price of $3,400.