A whale closed a $100 million long position for a profit of $17.78 million, then opened a short position on 20,000 ETH.

on October 30, according to on-chain analyst Ember (@EmberCN), a whale holding long positions in BTC and ETH for nearly four months turned bearish on the market outlook following the Binance hack. The whale closed out all long positions worth approximately $100 million, realizing a profit of around $17.78 million, and subsequently opened a short position of 20,000 ETH at $2,228 each, valued at approximately $44.6 million. This address initially opened long positions for 1,000 BTC at $62,353 and 10,000 ETH at $1,762 in early July.