An anonymous trader, identified as 0x58bro, has amassed $7 million in unrealized profits by shorting Ethereum (ETH) and other cryptocurrencies, according to Arkham's on-chain data. This success comes as many prominent crypto figures face significant losses from bullish bets. Despite a portfolio valued at nearly $13 million, 0x58bro maintains a low profile with only 1,300 followers on X. The trader's gains include $3.7 million from shorting ETH and $1.45 million from shorting ENA, Ethena Labs' governance token. 0x58bro's strategic positioning includes over $7.5 million in Aave's interest-bearing ETH token and $5 million in Aave's USDC deposit token, indicating a focus on yield generation while remaining flexible for further market downturns. Meanwhile, other traders, such as Machi Big Brother, have suffered substantial losses, with his account value plummeting below $1 million. Institutional players like Trend Research have also faced setbacks, exiting their Ethereum positions with significant losses. Despite the market volatility, some accumulation addresses continue to buy ETH, holding 23% of its circulating supply.