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Trader Known as 'Yihua's Counterparty' Cuts ETH Short Position After 15 Hours, Incurs $479,000 Loss

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ETH
$2,951.83-2.2%
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BTC
$87,518.60-2.36%
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SOL
$124.31-2.72%
A trader known as 'Yihua's Counterparty' closed a $106 million ETH short position in position trading over 15 hours, incurring a $479,000 loss. The BTC and SOL long positions were in profit, reducing the overall loss to $49,000. Position sizing played a key role in limiting the final outcome.
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