Shorting the Top: Unknown Trader Up $7M While Others Lose Millions
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An anonymous trader, 0x58bro, realized $7 million in profits by shorting Ethereum (ETH) amidst a bearish market. This contrasts with notable losses incurred by other crypto investors betting on price rises.
An anonymous trader known only as 0x58bro has accumulated $7 million in unrealized profits by shorting Ethereum (ETH) and a handful of other cryptocurrencies, according to data from on-chain intelligence platform Arkham.
What’s noteworthy about their success is that it has come at a time when several high-profile crypto personalities have suffered eight-figure losses betting on price increases.
In This News
Coins
$ 1.97K
-0.67%Share:
In This News
Coins
$ 1.97K
-0.67%Share:
Read More
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Shorting the Top: Unknown Trader Up $7M While Others Lose Millions
Share:
An anonymous trader, 0x58bro, realized $7 million in profits by shorting Ethereum (ETH) amidst a bearish market. This contrasts with notable losses incurred by other crypto investors betting on price rises.
An anonymous trader known only as 0x58bro has accumulated $7 million in unrealized profits by shorting Ethereum (ETH) and a handful of other cryptocurrencies, according to data from on-chain intelligence platform Arkham.
What’s noteworthy about their success is that it has come at a time when several high-profile crypto personalities have suffered eight-figure losses betting on price increases.
In This News
Coins
$ 1.97K
-0.67%Share:
In This News
Coins
$ 1.97K
-0.67%Share:
Read More
Bitmine doubles down on Ethereum as treasury data signals quiet institutional accumulation