The address that shorted ETH with 25x leverage has closed its position, earning $692K in five days

深潮 TechFlow news, Oct. 31 — According to on-chain analyst Ai Yi, the address (0xaea…c2416) that opened a 25x leveraged ETH short on Oct. 27 has fully closed its position, earning about $692K over the five-day holding period.

The address previously held a 9700 ETH short position, with an entry price of $2311.92 and a position value of about $22.46M. After ETH rebounded from yesterday's pullback, the address exited at an average closing price of $2239.5, with peak unrealized profit reaching $1.337M. The account's cumulative profit has now increased to $7.57M.

Source: 深潮 TechFlow