Cryptocurrency Short Positions Yield Profiteering Profits: Analysis

Blockchain analyst Ai Yi recently disclosed that an address, identified as 0x7fe…17ac6, initiated short positions on several prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), HYPE, and SOL. The total short position value currently stands at $74.09 million with an unrealized profit of $1.805 million. Notably, the ETH short position has generated the highest unrealized profit, reaching a significant $541,000. Over the past month, this address has accumulated a profit of $8.84 million, despite only two out of nine trades from the last five days yielding positive returns.