Crypto Address With $31.92 Million in Profits Opens $3.38 Million SKHX Long

A crypto address with about $31.92 million in cumulative contract profits shifted its SKHX position from short to long, opening a roughly $3.38 million long after closing about $720,000 in shorts.

After the trades, the address held about $3.05 million in SKHX longs at 1:01 a.m. ET (06:01 UTC) Monday, Nov. 2. It also closed about $788 in long positions during the same trading window.

The $3.38 million figure is the value of the position opened, while $3.05 million describes the long exposure remaining after the trades. The cumulative profit figure covers the contract account's trading, rather than the value of this SKHX position. A short position gains value when the contract falls, while a long position gains value when it rises.

SKHX is a Korean-share contract. TokenPost previously covered the same address's SKHX short, which was valued at about $30.23 million after an 18-minute trading window on Oct. 14; cumulative contract profits then exceeded $26 million.