Unbelievable! From a profit of over $26M to a $716K loss. 😱

Smart trader 0xCB92 watched his 50K $ETH short position climb to over $26M in unrealized gains, but never closed.

As $ETH surged, his position hit stop-loss, leaving him with a $716K loss.

https://x.com/lookonchain/status/1940715763616436528