Odaily News According to on-chain analyst Ai Yi (@ai9684xtpa), the “smart money” that made significant profits by going long on ETH with 25x leverage after the “1011 flash crash” has recently completely reversed its position. About 8 hours ago, the address closed its remaining 19,383.25 ETH long orders in batches, incurring a total loss of approximately 6.646 million dollars, pulling back from a previous peak profit of 8.38 million dollars. Subsequently, the account quickly established a new 25x leverage short order with holdings of approximately 18,802.51 ETH (worth about 61.45 million dollars), currently realizing unrealized gains of about 1.3 million dollars.
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"After the 1011 flash crash, the Whale that went long 25x on ETH has turned to shorting, pulling back over 8.38 million dollars in profit."
Odaily News According to on-chain analyst Ai Yi (@ai9684xtpa), the “smart money” that made significant profits by going long on ETH with 25x leverage after the “1011 flash crash” has recently completely reversed its position. About 8 hours ago, the address closed its remaining 19,383.25 ETH long orders in batches, incurring a total loss of approximately 6.646 million dollars, pulling back from a previous peak profit of 8.38 million dollars. Subsequently, the account quickly established a new 25x leverage short order with holdings of approximately 18,802.51 ETH (worth about 61.45 million dollars), currently realizing unrealized gains of about 1.3 million dollars.