Ethereum shorter gains $1.1M on 50X leverage in 2 days

Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750. source: https://cointelegraph.com/news/crypto-trader-makes-1-1m-ether-short-leveraged-trade?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound