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Crypto Address Moves From $61.01 Million Ether (ETH) Short to Long

The address held about 5,316 ETH in a long position by 4:20 a.m. ET Oct. 30. Its derivatives account had about $138 million in cumulative profits.

Updated 1 min read
A graphic traces an Ether wallet’s reversal from short to long on Ethereum. / EconoTimes.ai
A graphic traces an Ether wallet’s reversal from short to long on Ethereum. / EconoTimes.ai

Across the trading window, the address closed $17.25 million in positions and opened $13.87 million, including an $11.87 million Ether long.

Its trading activity began at 6:04 a.m. ET (10:04 UTC) and ended at 9:59 p.m. ET (01:59 UTC Oct. 30) on Oct. 29. The $61.01 million figure represents the short position’s value.

Across all positions, the address closed $17.25 million and opened $13.87 million during that period. The Ether long was part of the positions opened. Its derivatives account had about $138 million in cumulative profits.

At 4:20 a.m. ET (08:20 UTC) Oct. 30, roughly six hours after trading ended, the address held about 5,316 ETH in a long position. The position and trading figures describe activity at this address; the profit total is for its derivatives account.

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