Two Traders Open Opposing 20x Short and 10x Long ETH Positions of $53.49 Million Each

ETH-1.38%
BTC-1.94%
SOL-0.84%
According to Lookonchain, two traders opened opposing leveraged Ethereum positions in separate transactions. One trader opened a 20x short position on 30,000 ETH valued at $53.49 million; this trader previously closed three profitable trades in BTC, ETH, and SOL with total gains of $444,000. Another trader simultaneously opened a 10x long position on 30,000 ETH also valued at $53.49 million; this trader has closed eight trades with six wins, a 75% win rate, and total profits of $3.1 million.
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