Traders Open 30,000 ETH Leveraged Long and Short Positions, Lookonchain Says

Two traders opened leveraged positions of 30,000 ETH each, one short at 20x leverage and the other long at 10x leverage, according to Lookonchain monitoring. According to Odaily, the trader who opened the 20x leveraged short previously closed three long positions in BTC, ETH, and SOL, all of which were profitable, with total profits of $444,000. Odaily reported that the second trader opened a 10x leveraged long and has closed eight trades so far, including six profitable trades, for a 75% win rate and total profits of $3.1 million.