Two-Day Ethereum Short Nets $1.1M Profit with 50X Leverage

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Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750.

A cryptocurrency trader is up over $1.1 million on an Ether position within two days after strategically positioning for the current crypto market correction.

A savvy crypto trader generated over $1.1 million worth of profit on his Ether short position, which involves “borrowing” the underlying cryptocurrency from a broker, selling it at the current price, and then repurchasing it once the price falls

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