A trader shifted from BTC short positions to ETH short positions, incurring a loss of 43.33 million USD in one month

The trader reported a total loss of 43.33 million USD over the past month, stemming from losses in both BTC and ETH positions.

Starting mid-August, the trader went long on ETH but faced a loss of 35.84 million USD when the price failed to rise.

After switching to shorting BTC, the trader lost an additional 7.5 million USD due to the asset’s strength.

Now returning to ETH, he has opened a short position of 5,432 ETH valued at 24.5 million USD.