🤑 A trader made $1.1 million by shorting Ethereum

🌡A cryptocurrency trader made more than $1.1 million by successfully shorting Ethereum. He used 50x leverage to bet on a fall in the price of the asset.

🔽The position was opened on December 24, 2024. Within two days, the Ethereum exchange rate fell from $3,428 to $3,359.

💰In addition to the direct benefits of the fall in the price of Ethereum, the user also received $680,000 in financing fees for his own position. Its liquidation price exceeded $4,843. $ETH