November 9, 20261 min read0 views

Wallet Shows $658,000 in One-Day Unrealized Profit on Bitcoin, Ether Positions

A crypto wallet showed $658,000 in one-day unrealized profit on paired 20x leveraged Bitcoin (BTC) and Ether (ETH) positions.

The wallet opened a 20x leveraged short in Ether and a 20x leveraged long in Bitcoin on Nov. 7 ET, the morning of Nov. 8 in China. The positions were worth $20 million when opened.

At 5 p.m.…

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A crypto wallet showed $658,000 in one-day unrealized profit on paired 20x leveraged Bitcoin (BTC) and Ether (ETH) positions.

The wallet opened a 20x leveraged short in Ether and a 20x leveraged long in Bitcoin on Nov. 7 ET, the morning of Nov. 8 in China. The positions were worth $20 million when opened.

At 5 p.m. ET on Nov. 8 (22:00 UTC), both cryptocurrencies fell sharply. Bitcoin then rebounded more strongly than Ether, widening the positions' unrealized profit.