Gate News bot message, crypto trader known as Smart Trade “0xcb9” recorded substantial losses on their Ethereum trading position. The trader initially accumulated $14M in unrealized profits from a 15x leveraged short position on ETH. However, following ETH’s upward price movement, the position reversed dramatically, resulting in a $7M floating loss. The total negative swing amounted to $11M from the position’s peak.
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Famous Trader "0xcb9" Records $11M Loss After Failed ETH Short Position
Gate News bot message, crypto trader known as Smart Trade “0xcb9” recorded substantial losses on their Ethereum trading position. The trader initially accumulated $14M in unrealized profits from a 15x leveraged short position on ETH. However, following ETH’s upward price movement, the position reversed dramatically, resulting in a $7M floating loss. The total negative swing amounted to $11M from the position’s peak.