A trader closed long positions on BTC and ETH, pocketing over $20 million in profits—then opened a 20x short position on 13,000 ETH.

According to Lookonchain’s monitoring on October 30, trader 0x15a4 fully closed their long position after holding it for four months—selling 1,000 BTC (worth ~$78.18 million) and 10,000 ETH (worth ~$22.35 million), realizing profits exceeding $20 million. Immediately afterward, the trader switched to a short strategy, opening a short position of 13,000 ETH (valued at ~$29 million) with 20x leverage.