"ETH bears" stop rolling over positions and switch to taking profits, earning $12.7 million this month

BlockBeats News, February 11, according to Coinbob Hot Address Monitor, the "ETH Bear" whale address (0x20c) has recently shifted from continuously rolling over short positions to gradually closing positions and taking profits. Over the past week, this address has realized a profit of approximately $12.7 million, with a current monthly investment return rate of 1277%. Since the initial position was established, the historical cumulative profit has exceeded $80 million, with the maximum drawdown during trading always controlled within 20%.

This address currently still holds a 25x leveraged ETH short position, with the position size reduced from a peak of $84 million to $16.3 million, an average price of $2,941, and a liquidation price of $2,592. The current unrealized profit is about $8.4 million. In addition to gains from price fluctuations, this address has accumulated about $6.9 million in profits through funding rates. This whale is skilled at intraday swing position adjustments, and out of the cumulative $80 million in cycle profits, nearly $60 million has already been withdrawn and realized.