Wallet 0xFDd4 held a one-times short on Aster DEX covering 3.32 million BTW tokens, with about $989,000 in unrealized profit, according to an on-chain update from Lookonchain.
Lookonchain put the short's opening value at about $2.28 million. The unrealized figure represents profit on the position while it remains open, rather than a realized return from a completed trade.
A short position gains value when an asset's price falls relative to the trade's entry point. Lookonchain described the position's leverage as one-times.
