Address That Opened 25x Leveraged ETH Short Has Closed Its Position, Earning $692,000 in Five Days

Tapbit news, October 31: According to monitoring by on-chain analyst Ai Yi, the address that publicly opened a 25x leveraged ETH short on October 27 has exited with its profits banked, earning $692,000 over five days. Address 0xaea…c2416 previously held 9,700 ETH (about $22.46 million) at an entry price of $2,311.92; yesterday, it fully closed out at an average closing price of $2,239.5 during ETH's rebound after a pullback, having at one point been up as much as $1.337 million in unrealized gains. The account's total profit has now grown to $7.57 million.