Whale Shorted Nasdaq and S&P 500 with High Leverage, Still Adding Margin Despite Unrealized Losses Exceeding $1.9 Million

According to on-chain analytics platform Lookonchain (@lookonchain), an on-chain address is shorting the NASDAQ-100 Index and the S&P 500 Index with high leverage; its unrealized losses have already exceeded $1.9 million. To avoid forced liquidation, the address added another $1 million worth of USDC as margin 9 hours ago. Its current position remains in a high-risk state.