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COINOTAG News, citing on-chain analyst Ai Auntie (@ai_9684xtpa), reports that the Smart Money who went 25x long Ethereum (ETH) after the 1011 Flash Crash has flipped to a short stance, locking in approximately $8.38 million in realized gains.
Eight hours later, the trader partially liquidated the remaining long exposure of 19,383.25 ETH in batches, recording a realized loss of about $6.646 million, before initiating a fresh 25x leveraged short.
Currently, the new 25x leveraged short stake holds 18,802.51 ETH (roughly $61.45 million) with an unrealized profit near $1.3 million, underscoring the volatility and risk-reward dynamics in cryptocurrency markets.
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