Trader Profits from Leveraged Ethereum Short Position

According to Foresight News, a trader identified as 0xcB92 has reportedly made significant gains from a leveraged short position on Ethereum. Nine days ago, the trader used a 10x leverage to short 40,000 ETH, valued at $100 million. This position has resulted in an unrealized profit exceeding $12.15 million, along with an additional $172,800 in funding rate income.