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A major trading account has experienced a significant rebound. The trader who decisively opened short positions during the 1011 market crash now has a total profit exceeding $145 million.
What’s even more noteworthy is the recent performance. As Bitcoin broke through $96,000 and Ethereum surpassed $3,300, this trader’s positions also increased in value—his Ethereum long positions, worth $676 million, are currently floating with a profit of over $36.96 million, while his Bitcoin long positions have also reached a floating profit of $49.67 million.
However, there are costs behind the gains. To maintain such a large position size, this trader has paid $6.65 million in funding fees. This also reflects how high the maintenance costs are for large long positions in the current market environment.