Someone opened a $2m short on $Eth at $3,868 on July 31, 2025 They held that position through months of volatility, noise and market narratives. Today, they finally closed the short at $2,099 and made a profit of $911.2k. Think about what that means: Position size: $2m Entry: $3,868 Exit: $2,099 Time held: 7.5 months While most traders were chasing short-term moves, this trader sat on a conviction macro short on ETH and let the market do the work. Sometimes the biggest profits don’t come from dozens of trades. They come from one trade held long enough.