Trader Profits Over $1M from Shorting Ethereum

12/26/2024 9:59:14 AM

According to Lookonchain, a trader who shorted Ethereum (ETH) has achieved significant financial success during a market downturn. The trader has accumulated an unrealized profit exceeding $1 million and additionally earned $683,000 in funding fees. This showcases the potential profitability of strategic short positions in volatile markets. (Source)

Ethereum ETH Lookonchain profit trader

More from Lookonchain (@lookonchain): Looking for smartmoney onchain

---