Ethereum Whale Secures $301,000 Profit from Long Position Closure

A prominent Ethereum trader known for borrowing 15,000 ETH to go long has closed their position recently, generating a profit of $301,000. The trader sold the remaining 10,510 ETH at an average price of $1,832, resulting in a total value of $19.25 million. Their overall strategy yielded a successful gain despite a previous night’s loss of $21,700.