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A trader shorting ETH once pulled back $10 million in profits, ultimately still making a profit of $12.66 million.
Odaily News According to on-chain analyst Yu Jin's monitoring, a trader experienced significant fluctuations while operating a short order on ETH, but ultimately made a profit of 12.66 million USD. The trader opened a short position on ETH at a price of 4718 USD on September 13, and by the end of September, when ETH fell to 3815 USD, the unrealized gains were 9.75 million USD but the position was not closed. Subsequently, in October, the price of ETH rebounded to around 4700 USD, resulting in the complete pullback of its unrealized gains, but ultimately, a wave of downward market came, allowing it to profit 12.66 million USD.