According to blockchain analytics platform Lookonchain, two traders have each opened leveraged positions worth 30,000 ETH—one taking a short position with 20x leverage and the other entering a long position with 10x leverage.
Odaily reported that the trader behind the 20x leveraged short previously closed three profitable long positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), netting total profits of $444,000.
The second trader, who initiated the 10x leveraged long on ETH, has executed eight trades to date. Six of those trades were profitable, giving the trader a 75% win rate and cumulative gains of $3.1 million.