Leveraged Crypto Address Recovers to $86,000 in Unrealized Profit
The address holds long positions in Ether, Bitcoin and HYPE after total unrealized profit fell from about $780,000 on Sept. 24.
A crypto address holding leveraged long positions in Ether, Bitcoin and HYPE had recovered to about $86,000 in total unrealized profit by Sept. 25 after briefly recording more than $1.4 million in losses overnight.
The address held a 25x long position of 32,275 Ether (ETH), opened at an average price of $2,665.63. That position showed an unrealized gain of about $590,000.
Its 40x long position of 375 Bitcoin (BTC), opened at $84,152.40, showed an unrealized loss of about $189,000. A 10x long position of 217,000 HYPE, opened at $93.14, showed an unrealized loss of about $315,000.
Total unrealized profit had fallen from about $780,000 on Sept. 24 to $86,000. The account briefly moved into a loss exceeding $1.4 million the previous night.
The position mix also changed over the period. The Ether holding declined from 36,480 ETH to 32,275 ETH, while the Bitcoin position increased from 108 BTC to 375 BTC. The HYPE position remained at 217,000 tokens.
