The trader who previously went 25x long on ETH has now switched direction and opened a 25x leveraged short position.

Foresight News reported, according to monitoring by @ai_9684xtpa, the smart money address that previously went long on ETH with 25x leverage after the flash crash on October 11 has now switched to shorting. Eight hours ago, this address closed out the remaining 19,383.25 ETH long positions in batches, ultimately incurring a loss of $6.646 million. Subsequently, the address opened a 25x leveraged short position, holding 18,802.51 ETH (approximately $61.45 million), and is currently sitting on an unrealized profit of $1.3 million. At present, the overall account for this address is still at a loss of $4.55 million.