Drift hacker-related address bets on a decline in the ETH/BTC exchange rate, with a single-day unrealized profit reaching USD 658,000

TechFlow news: On November 9, according to monitoring by on-chain analyst Ai 姨, a suspected Drift hacker-related address 0x45d…c00ca established 20x leveraged ETH short and BTC long positions with a total value of approximately USD 20 million yesterday, betting that ETH would weaken relative to BTC.

Around 6:00 a.m. today, both BTC and ETH fell sharply. BTC subsequently rebounded more than ETH, pushing the ETH/BTC exchange rate down 3.56%. As a result, the unrealized profit on the long-short positions held by the address expanded, with a single-day unrealized profit of approximately USD 658,000.

Source: TechFlow