A “smart money” entity shorted 17,000 ETH with 20x leverage, holding a position valued at approximately $29.32 million.

TechFlow news: On June 15, according to on-chain analytics platform Lookonchain (@lookonchain), trader 0xa2e8 executed 10 long and short ETH trades over the past five days—9 of which were profitable, achieving a 90% win rate and generating cumulative profits of $4.93 million. The trader is currently shorting 17,000 ETH at 20x leverage, with a position value of approximately $29.32 million.