# Wallet With More Than $20 Million Four-Month Gain Opens $29 Million Ether Short

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/44398
Published: 2026-10-30T08:08:56.000Z
Updated: 2026-10-30T08:08:56.000Z
Section: Investing

> The wallet closed long positions in 1,000 BTC and 10,000 ETH before opening a 20x short covering 13,000 ETH.

An unnamed wallet opened a 20x short on 13,000 Ether (ETH), valued at $29 million, after closing long positions in 1,000 Bitcoin (BTC) and 10,000 ETH for gains above $20 million over four months.

The wallet shifted from long positions in Bitcoin and Ether to a leveraged short position in Ether. The earlier positions had been held for four months before they were closed, and together they generated more than $20 million in gains. Bitcoin appears in the closed long position only; the newly disclosed short is entirely in ETH.

The short covers 13,000 ETH, carries 20x leverage and has a reported value of $29 million. That makes it a sizable bearish position tied to Ether, following a four-month period in which the wallet held long exposure to both BTC and ETH. The disclosed sequence marks a change in the wallet's ETH position, while the Bitcoin position was closed.