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Wallet Shows $658,000 in One-Day Unrealized Profit on Bitcoin, Ether Positions

The paired 20x leveraged positions were worth $20 million at opening on Nov. 7 ET, the morning of Nov. 8 in China.

By Enna Lee
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Two metal tokens balance on opposite ends of a tilted beam / TokenPost.ai
Two metal tokens balance on opposite ends of a tilted beam / TokenPost.ai

A crypto wallet showed $658,000 in one-day unrealized profit on paired 20x leveraged Bitcoin (BTC) and Ether (ETH) positions.

The wallet opened a 20x leveraged short in Ether and a 20x leveraged long in Bitcoin on Nov. 7 ET, the morning of Nov. 8 in China. The positions were worth $20 million when opened.

At 5 p.m. ET on Nov. 8 (22:00 UTC), both cryptocurrencies fell sharply. Bitcoin then rebounded more strongly than Ether, widening the positions' unrealized profit.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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