Whale closes roughly 23,200 ETH short after 18 hours with $184,000 profit

Wallet 0xa2e...f1468 built a roughly $39.03 million Ether short from 23:42 at an average $1,680.8 entry, briefly showing a floating loss before covering near $1,672.9, according to Ai Yi.

ETH

Summary

A wallet identified as 0xa2e...f1468 opened a short position of about 23,200 ETH in batches from 23:42 last night, creating a trade valued at about $39.03 million at an average entry price of $1,680.8. The position was initially reported as showing a floating loss of nearly $17,000, but on-chain analyst Ai Yi later said the wallet closed the short after about 18 hours at around $1,672.9, realizing a profit of about $184,000 as Ether moved lower.

Terms & Concepts
  • short position: A trade that profits if an asset's price falls.
  • average entry price: The mean price at which a position was opened.
  • floating loss: An unrealized loss on an open position.