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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Trader 0xCB92 Gains $3.7M from ETH Short Position with 20x Leverage
Gate News bot message, A trader identified as 0xCB92 executed a successful ETH short position with 20x leverage three days ago, generating profits exceeding $3.7 million. According to Lookonchain, this trader has demonstrated similar trading patterns previously. On June 11, 0xCB92 shorted ETH when it reached $2,880 before dropping to $2,120. The trader repeated this strategy yesterday when ETH broke through $3,940 before experiencing a price decline.