A trader sold all his short positions in BTC seven hours ago and shorted ETH again, losing $43.33 million in a month.

According to Coinjie.com, on September 17, according to on-chain analyst Yu Chen, a long trader who lost $35.84 million on ETH turned to short BTC and lost another $7.5 million in BTC short position, and now turned to short ETH. In just one month, he lost $43.33 million, with less than $1 million left in the address. The trader started longing ETH in mid-August, but the expected uptick was not realized. So seeing ETH’s weakness in early September, he stopped losing $35.84 million and then shorted BTC. As a result, BTC remained strong and did not decline. After persisting for half a month, he finally gave up his short position and closed all positions at the stop loss early this morning. This resulted in another $7.5 million in losses. Now he is back to ETH, but not long but short. He sold all his short positions on BTC seven hours ago and then opened short positions on ETH: Now he has opened short positions on 5,432 ETH ($24.5 million) for $4,485, with a liquidation price of $4,594.