Ethereum Leverage Short Position Yields Significant Profit

A significant profit for traders holding a leveraged short position on Ethereum emerged after the price decreased. According to monitoring data from Lookonchain, the address pension-usdt.eth placed a 2x leveraged short position on Ethereum approximately one hour ago. This position, worth around $18 million and comprising roughly 6,358 ETH, has generated an unrealized profit of about $1 million as the market declined.