An Ethereum trader with the account Skyholic888 just went all-in on a massive short position: $2M in margin traded at 20x leverage. Bold move, or did he spot something brewing? The plot thickens—despite the aggressive bet, the position is currently sitting at a -36% loss. That's a $720K drawdown at present. The trader documented the trade setup in screenshots, showing the full exposure details. This kind of high-leverage short play on ETH typically signals strong conviction about near-term bearish pressure. Whether this becomes a calculated masterstroke or a cautionary tale for overleveraged traders remains to be seen. The crypto market rarely forgives overconfidence, especially when 20x leverage is involved.