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Traders shorting ETH saw significant fluctuations, ultimately profiting $12.66 million.
[Coin World] A trader experienced significant fluctuations while shorting ETH, ultimately making a profit of 12.66 million USD. The trader built a position at a price of $4,718 on September 13, and held a profit of 9.75 million USD when the price fell to $3,815 at the end of September. Subsequently, in October, the ETH price rebounded to around $4,700, resulting in a total loss for the trader, but the subsequent downtrend allowed the trader to regain a profit of 12.66 million USD.