Crypto Trader's $14M ETH Gain Outpaces $953K BTC Short
A crypto trader has held onto an estimated $14.06 million unrealized gain on a long position in Ethereum (ETH), opened at $1,936.
The trader's bet paid off as ETH rose significantly since the trade was made. The Bitcoin (BTC) short position, valued at $53.68 million, also showed an estimated unrealized gain of $950,000.
The trader held 20,000 Ether in their long position and a short position in 650 Bitcoin on September 28.