ETH Whale Profits $39.88M From Shorts Since 1011 Flash Crash, Yet Long ETH Positions Carry $19M Unrealized Loss

COINOTAG News, November 20, reports that on-chain analyst Ai Auntie (@ai_9684xtpa) traces a whale address 0x9ee…1daAb that has operated since the 1011 Flash Crash. By employing seven short positions, the wallet has secured over $39.88 million in realized gains. The same address now carries a hedged book with net unrealized losses on its long crypto exposure.

The current long book covers ETH and XRP with about $19 million in unrealized losses, signaling a risk-managed tilt after the prior drawdown. Market observers note the shift from directional shorting to hedging activity amid volatile liquidity conditions.

Position details show two ETH longs: $184 million notional at an entry of $3,219, unrealized loss of $11.6 million; and $94 million notional at $2.29, unrealized loss of $7.4 million. The combined unrealized loss aligns with the reported $19 million mark.