According to @lookonchain, a trader identified as 0xCB92 shorted Ethereum (ETH) with 20x leverage three days ago during a period of heightened FOMO in the market. This high-leverage position has resulted in realized profits exceeding $3.7 million, demonstrating the potential for sizable gains through strategic leveraged trading in volatile crypto environments. This trade highlights the importance of timing and risk management for ETH traders, as well as the impact of market sentiment shifts on short-term price movements. Source: @lookonchain.