The address holding a 25x leveraged short on ETH has closed its position, netting a profit of $692,000 over five days.

on October 31, according to on-chain analyst Ai Yi, the address (0xaea…c2416) which opened a 25x leveraged ETH short position on October 27 has completely closed its positions, yielding a profit of approximately $692,000 over the five-day holding period.

The address previously held a short position of 9,700 ETH at an entry price of $2,311.92, with a position value of roughly $22.46 million. Following yesterday's pullback and subsequent rebound, the address closed out its position at an average price of $2,239.50, with unrealized profits peaking at $1,337,000 during the period. As of now, the account's cumulative profit has increased to $7,570,000.