A trader identified by the address 0x61cee has taken a significant position in Ethereum, going long on 2,996.01 ETH with 20x leverage at an average entry price of $3,005.44. This position is currently showing a small floating profit. However, the same trader is experiencing substantial losses on a short position in xyz:SILVER, which is tethered to the price of silver. The short position, also leveraged at 20x, was entered at an average price of $89.71, resulting in a floating loss of $1.004 million.