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Add as a preferred source on GoogleUnidentified Address Closes 25x Ether Short With $692,000 Gain
The position covered 9,700 ETH and showed $1.337 million in unrealized profit before the Oct. 30 close.
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An unidentified address closed a five-day, 25x leveraged short position in Ether (ETH) for a $692,000 gain after its unrealized profit briefly climbed to $1.337 million.
The short position covered 9,700 ETH. Its average entry price was $2,311.92, implying a notional value of about $22.43 million. The address closed at an average of $2,239.50 at 6:33 a.m. ET (10:33 UTC) Friday, Oct. 30, as Ether rebounded after a pullback.
The account's total profit rose to $7.57 million after the position closed.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.