An address closed a 25 x-leverage ETH short position, generating approximately 5 days of profit 692000 USD。
Article
🔍 On-Chain Detective | A Whale Closed a Position Yesterday 25 x ETH short position, 5 days of profit 692000 USD BlockBeats reports that October 31, according to AI monitoring, address 0xaea…c2416 previously opened a short position with 25 x leverage to short 9,700 units of ETH, with a position value of approximately 22460000 USD, and an average entry price of 2,311.92 USD.
The address opened the position on October 27 and closed it yesterday 18: 33 ETH during a rebound after the pullback, with an average exit price of 2,239.5 USD，5 days, generating approximately 692000 USD in profit. During the holding period, the short position once had unrealized profit of 1337000 USD.
The account's cumulative profit has now increased to 7570000 USD, partially recovering the October losses incurred from shorting BTC in mid-month, totaling 916000 USD.
Original link https://m.theblockbeats.info/flash/374780
Key points
01
BlockBeats reported that address 0xaea…c2416 previously used 25 x leverage to short 9700 units of ETH。
02
The position was worth approximately 22460000 USD, with an average entry price of 2311.92 USD。
03
The address opened the position on October 27 and closed it yesterday 18: 33; the average exit price was 2239.5 USD。
04
The trade generated approximately 5 days of profit 692000 USD, with unrealized profit at one point during the holding period of 1337000 USD。
05
The account's cumulative profit has increased to 7570000 USD, partially recovering the losses incurred from shorting October in mid-month BTC, amounting to 916000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short selling means selling an asset first and buying it back after the price falls to make a profit. 25 x leverage means that even small price movements can amplify gains and losses; this short position has already been closed.
Why it matters to readers
This shows that a single address closed a large ETH leveraged short position, but it does not represent ETH overall supply, demand, or price trends.
This can help beginners understand the differences between leverage, short selling, closing a position, and unrealized profit.
Risks and unknowns
The information comes from BlockBeats citing AI monitoring; complete on-chain records or trading-platform data were not provided.
The subsequent price direction cannot be confirmed solely from this transaction ETH.
The evidence does not indicate whether the address will re-establish a ETH or BTC leveraged position.
Related Developments
Loading event timeline…
Related concepts
Leverage
This term is not in the glossary yet. Browse related concepts in the glossary.
