A smart money investor faced a loss of 3.54 million USD due to ETH long orders, forfeiting almost 80% of their profits in a single move

An investor experienced a significant loss of 3.54 million USD on ETH long orders, removing about 80% of their profits. This occurred after entering trades on September 15.

Trading started at an average price of 4,497 USD per ETH, with holdings peaking at 9,229.77 ETH, valued around 41.5 million USD. The position was liquidated at 2:00 PM, retaining 407,000 USD in profits.