Data: A certain address holds $106 million in short ETH positions, with a cumulative profit of $6.22 million in the past week.
TL;DR
An address holds $106M in short ETH positions with a $521K unrealized loss, plus shorts on BTC and SOL, targeting specific profit ranges. It has earned $6.22M in profit over the past week.
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According to ChainCatcher, market sources indicate that address 0x94d…33814 opened a short position on ETH on Hyperliquid 13 hours ago. It currently holds 36,281.29 ETH short positions, valued at $106 million, with an opening price of $2,920.21. The current unrealized loss is $521,000. Additionally, this address also opened short positions on BTC worth $48.18 million and SOL worth $13.43 million, setting profit targets.
The take-profit range for BTC is $86,250 to $86,800, for ETH it's $2,700 to $2,900, and for SOL it's $121 to $131.76. This address has accumulated a profit of $6.22 million in the past week.