An address that made $692,000 in profit in five days by shorting ETH with 25x leverage has closed its position

Odaily reports: According to monitoring by on-chain analyst Ai Yi, an address previously opened a 25x leveraged ETH short position at an average entry price of $2,311.92, holding 9,700 ETH worth approximately $22.46 million. Yesterday at 18:33, during ETH's rebound after a pullback, the address closed the position at an average price of $2,239.5, making a profit of $692,000 over five days, with unrealized gains once reaching $1.337 million during the period. The account's total profit has now increased to $7.57 million.