A trader holds three short positions on Papertrade with unrealized profits of approximately $1.34 million.

On November 10, according to OnchainLens data, a trader maintained three leveraged short positions in BTC and ETH on the synthetic perpetual contract platform Papertrade, accumulating unrealized gains of approximately $1.34 million.

Of these positions, the 250x leveraged ETH short yielded unrealized gains of roughly $1.07 million, the 40x leveraged ETH short yielded roughly $133,000, and the 145x leveraged BTC short yielded roughly $145,200. The account posted a 24-hour trading P&L profit of approximately $851,850.