A certain address closed its 25x leveraged $ETH short position, which held 9,700 ETH, locking in a profit of $692,000 in five days.
The position, worth over $20 million and opened at an average price of $2,311.92, captured the full decline before decisively taking profits and exiting.
The closure of a large short position and the resulting buy-to-cover orders mark the end of short-term downward pressure.
The position, worth over $20 million and opened at an average price of $2,311.92, captured the full decline before decisively taking profits and exiting.
The closure of a large short position and the resulting buy-to-cover orders mark the end of short-term downward pressure.