The contract account tied to the address recorded about $292 million in cumulative profit, while 32,850.75 ETH remained in its short position after a 1,716.0488 ETH reduction.
The one-hour window closed at 10:49 p.m. ET Thursday, Nov. 12, corresponding to 03:49 UTC Friday; the move was estimated at about $3.34 million. The address was 0x5b5d51203a0f9079f8aeb098a6523a13f298c060.
A short position seeks gains from a decline in an asset’s price; a long position moves in the opposite direction, gaining when the asset rises. The address still held the short after the reduction, so its exposure to an Ether decline remained.
The figures describe separate measures: $3.34 million is the estimated value of the reduction, $292 million is cumulative profit in the contract account, and 32,850.75 ETH is the short that remained.
