According to @EmberCN on X, a highly aggressive trader turned approximately $1.8 million in unrealized profit from an ETH short into a new $52.48 million BTC short position. According to @EmberCN, the trader’s initial $3 million USDC capital is now leveraged into about $152 million of total short exposure, reflecting an effective 35x leverage. According to @EmberCN, the liquidation price is very close, signaling elevated liquidation risk on these BTC and ETH short positions. According to @EmberCN, this rolling strategy compounds profits into larger shorts, creating a potential all or nothing outcome for the $3 million principal.