A savvy trader reduces 25x leveraged ETH short position, now facing a loss of $15.81 million

According to a report by Jinse Finance, Onchain Lens monitoring shows that a savvy trader has reduced their 25x leveraged short position in Ethereum (ETH), incurring a loss of $15.81 million. Going from making over $20 million in profits to losing more than $15.8 million represents a whole new level of loss, and the trader currently still has an unrealized loss of $3.3 million.