ChainCatcher reported that, according to monitoring by on-chain analyst @ai_9684xtpa, a new address that had shorted $39.03 million worth of ETH has closed the position and taken profit. The trade generated a profit of $184,000, with the gain coming after the ETH closing price was lower than the position’s opening price.
The monitored address, shown as 0xa2e…f1468, closed 23,200 ETH at 17:32. The short position was opened at $1,680.8 and closed at $1,672.9. Based on the disclosed figures, the trade ended as a profitable short after the position was fully closed.
In a short trade, profit is realized when the asset price falls between the opening and closing of the position. In this case, the key on-chain details disclosed include the address label as a new address, the position size, the closing time, the opening price, the closing price, and the final profit amount of $184,000.