A whale closed a 25x ETH short position yesterday, earning $692,000 in profit over five days.

BlockBeats news, October 31, according to AI Aunt monitoring, address 0xaea...c2416 previously shorted 9,700 ETH with 25x leverage, with a position value of approximately $22.46 million and an average opening price of $2,311.92.

The address opened the position on October 27 and closed it yesterday at 18:33 during the rebound after ETH's pullback, with an average exit price of $2,239.5, making a profit of about $692,000 in five days. During the holding period, the short position was once up $1.337 million in unrealized profit.

Currently, the account's cumulative profit has increased to $7.57 million, partially recovering the $916,000 loss from shorting BTC in mid-October.