「ETH Bear Whale」 Liquidation Short Day Profit Reaches $6 Million, Cumulative Profit Exceeds $80 Million

BlockBeats News, January 30th, according to Coinbob Popular Address Monitor data, the "ETH Bear Whale" (0x20c), in the process of continuously shorting ETH, has realized a floating profit of over $11 million, with an ROI of 345%. The address has made a profit of about $6.3 million in the past 24 hours, and the total historical profit has exceeded $80 million, with the maximum drawdown always kept within 20%.

The address currently holds a 25x leveraged ETH short position, with a position size of around $84 million, an entry price of $3,117, a liquidation price of $3,674, and a current floating profit of about $11.5 million. In addition to profit from price fluctuations, it has also accumulated approximately $6.9 million in profit through funding rates.

As one of the active on-chain ETH bears, this whale often adjusts its position and leverage through intraday scalping, displaying a flexible style. Out of its $80 million profit, nearly $50 million has been cashed out.