A trader closed a 4-day ETH short position, making a profit of $760,000

BlockBeats News, January 20th, according to HyperInsight monitoring, a trader closed a 3718.75 ETH short position held for 4 days at 16:51, making a profit of $760,000. He is currently still shorting XYZ100 with 20x leverage, with an average entry price of $25,584.

BlockBeats Note: XYZ100 essentially tracks the performance of the Nasdaq 100 index, similar to an on-chain version of Nasdaq 100 futures, allowing users to trade the ups and downs of the U.S. tech stock index 24/7 (including leverage).