[Trader Closes Over $100 Million ETH Short Position with $260K Loss, Switches to Long BTC] According to monitoring by Lookonchain, a trader closed an ETH short position worth over $100 million, incurring a loss of $260,000. Subsequently, they switched to long BTC, opening a 20x long position of 175.04 BTC, with a position value of approximately $13.4 million.