On August 8th, PANews reported that a trader's 15x leveraged ETH short shifted from a potential $14M profit to an $11M realized loss as ETH prices surged.
According to PANews and Onchain Lens, on August 8th a trader maintained a 15x leveraged ETH short position which initially had a $14M profit potential. As ETH prices surged, the position reversed to a $7M floating loss, ultimately resulting in an $11M realized loss.