A trader closed a $100M+ Ethereum short position for a $260,000 loss. They subsequently opened a 20x leveraged Bitcoin long trade valued at $13.43 million.
Trader Loses $260K on ETH Short, Opens $13.4M BTC Long
By Michael Fawn
Michael Fawn
Michael Fawn is a cryptocurrency journalist and blockchain analyst with a passion for breaking down complex market trends into easy-to-understand insights. Covering everything from Bitcoin and Ethereum to emerging altcoins and Web3 innovation, Michael focuses on delivering accurate, timely, and engaging crypto news for investors and enthusiasts alike. With years of experience following the digital asset industry, Michael keeps readers informed on the latest developments shaping the future of finance.
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