After losing $470,000 shorting ETH, a trader flipped to a 25x leveraged long position.

On October 5, according to monitoring by on-chain analytics platform Lookonchain (@lookonchain), trader address 0x914b shorted 14,976 ETH (approximately $40.97 million) and incurred a $471,000 loss, then immediately reversed to open a 25x leveraged long position. The position size reached 23,734 ETH (approximately $64.3 million), with a current liquidation price of $2,650.