Trader 0xf83..96728: 3.86M Loss Shorting ETH

0xf83ff544ed6f00fe7a74782aee3fd9ea54d96728 currently runs a 20x long on 12832 ETH and 20x short on 366 BTC, each book near 24 million USD, yet posts a 3.856 million USD net loss after the ETH rebound crushed the ETH/BTC ratio trade.

With ETH price at 1880.59 testing upper Bollinger resistance at 1904.44 while RSI at 68.14 signals building momentum, a healthy retracement to the 50-EMA support at 1795.93 appears probable before continuation higher amid the current bullish EMA structure and MACD golden cross.