Big news in the world of cryptocurrency! A secret trader made a lot of money by betting that the price of Ether (ETH), a type of cryptocurrency like Bitcoin, would go down. They borrowed Ether, sold it, and planned to buy it back later at a lower price. This is called 'shorting'.
- The trader made almost $68 million!
- They shorted a lot of Ether.
- The price of Ether went down, making them money.
- Ethereum is getting a cool upgrade soon, called Pectra, which might make the price go up.
| Thing | Number |
|---|---|
| Trader's profit | $68 million |
| Ether shorted | 70,131 |
| Price when shorting started | $3,176 |
But, if the price of Ether goes up too much, the trader could lose everything! Ethereum's Pectra upgrade might help Ether's price, but it's not certain. It's all very exciting and a bit risky!
