The "lightning reversal" whale simultaneously shorted BTC and ETH, incurring an unrealized loss of over $1 million.

According to ChainCatcher, monitored by HyperInsight, the "Lightning Reversal" whale (0x50b30) shorted 684.54 BTC with 20x leverage at an average entry price of $87,428.6, currently facing an unrealized loss of $700,000; and shorted 10,112.2 ETH with 25x leverage at an average entry price of $2,898.77, with an unrealized loss of $339,000.

This address is known for its extremely rapid long-short reversals, often opening large-scale positions in the opposite direction immediately after closing previous ones.