Address With $26.23 Million in Contract Losses Opens $7.64 Million Ether Short

An address with about $26.23 million in cumulative contract losses changed its Ether (ETH) position on Oct. 15, moving from about $710,000 long to a short position during a 54-minute window. Trading activity ran from 9:39 to 10:33 a.m. ET (13:39 to 14:33 UTC). Over that period, the address closed about $880,000 in long positions and opened roughly $7.64 million in short exposure. Before the shift, it held about $710,000 in Ether long positions. At the time of the update, the short was valued at about $3.44 million. The $7.64 million amount describes the short exposure opened during the window, while $3.44 million is the reported value of the position at the update. Long positions are positioned to benefit from price gains, while shorts are positioned for declines.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.