**Crypto Trader Scores Big with $1.1M Profit**

A crypto trader has made headlines by securing over $1.1 million in profit from a strategic short position on Ether (ETH). The trader used a 50x leverage to short 19,186 ETH, worth over $64.5 million, when ETH was priced at $3,428. Despite initial losses, the position turned profitable as ETH's price dropped. Additionally, the trader earned $680,000 in funding fees. This highlights the potential rewards and risks of leveraged trading, as another trader recently faced a $161,000 loss from a similar strategy.