On-chain analyst EmberCN said AguilaTrades ended its short exposure to 500 Bitcoin (BTC) on Nov. 13, after the price move from entry to exit generated about $1.3 million.
EmberCN said the trade began at $71,697 per BTC and ended at $69,081. The $2,616 price decline multiplied by 500 BTC equals $1.308 million, consistent with the analyst’s reported profit of about $1.3 million.
EmberCN put the short’s opening value at $35.85 million. That figure describes the position’s size; the reported gain reflects the price difference across the 500 BTC. A short position benefits when the asset’s price falls, as it did between the cited entry and exit prices.
EmberCN also reported AguilaTrades’ orders seeking 200 BTC at prices spanning $61,000 to $66,000. The analyst valued them at $12.7 million.
