Crypto Trader Amasses $1.35 Million in Unrealized Profits on Leveraged Shorts

A cryptocurrency trader has accumulated approximately $1.35 million in unrealized profits across three highly leveraged short positions on Ether and Bitcoin. The gains were primarily driven by a 250x leveraged Ether short, which yielded $1.07 million. Portfolio data also showed unrealized profits of $133,000 from a 40x Ether short and $145,200 from a 145x Bitcoin short position. Across the prior 24-hour period, the trader's address logged trading profits of $851,800 to $851,900 from high-risk derivative positions.