A cryptocurrency whale, known as Evaded, has initiated a significant short position involving 525.34 BTC, valued at approximately $40.26 million, with a leverage of 40x. This move was reported by on-chain analyst Onchain Lens. In addition to this, Evaded had previously opened a 5x long position on 53,500 ZEC, valued at $33.3 million, which is currently facing an unrealized loss exceeding $1.48 million.