Crypto Trader Overcomes $20M Losses as BTC and ETH Shorts Turn Profitable

Crypto trader pension-usdt.eth has staged a remarkable comeback after enduring unrealized losses exceeding $20 million on his Bitcoin and Ethereum short positions.

Five days ago, the tide began to turn when his Ethereum short returned to profitability, allowing him to close the position with a $1.13 million profit.

That recovery has now extended to his Bitcoin trade as well, with his 1,400 BTC short position, worth roughly $97.15 million, also returning to profit.

Source: Lookonchain