Trader Makes Substantial Profits with Bitcoin and Ethereum Short Positions

A prominent trader identified as Jasonleo has reportedly profited significantly from shorting both Bitcoin and Ethereum. Opening a short position in Bitcoin at an entry point of $120,948, involving 1,768 units, he now stands to realize approximately $3.98 million in unrealized profit. His Ethereum short position, initiated at $4,712.49 with 7,544.79 units, has yielded an estimated $743,000 in unrealized profit so far. If these positions remain open, the total unrealized profit for both assets will reach a substantial sum of $4.723 million.