On November 16, according to on-chain analysis platform Lookonchain, a trader established a large number of short positions on several mainstream crypto assets, with a total value reaching $196 million. The trader created a 40x leveraged Bitcoin short position, holding 1,555.56 Bitcoins, worth $148.5 million. In addition, he also established a 20x leveraged XRP short position, holding 12.34 million XRP, worth $27.4 million. At the same time, he set up a 10x leveraged ZEC short position, holding 31,016 ZEC, worth $20.4 million.

BTC-1.11%
XRP-0.24%
ZEC12.77%
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