[Trader Profits $12.66 Million from Shorting ETH Amid Volatility] According to on-chain analysts, a trader experienced significant volatility in their ETH short position and ultimately profited $12.66 million. The trader opened a short position at a price of $4,718 on September 13. By the end of September, when ETH dropped to $3,815, the unrealized profit reached $9.75 million but remained unclosed. In October, ETH rebounded to around $4,700, causing the unrealized profit to diminish, but subsequent price declines helped the trader secure the final profit.