Ethereum Perpetual Contract Profitable After Price Rebound

A substantial ETH perpetual contract position held by a prominent investor recently turned profitable, according to data from Hyperbot. The position, valued at $16 million, experienced an unrealized profit of $1.05 million this week, as ETH prices rebounded. Analyzing the equity change chart reveals that the account initially faced a maximum loss of around $1.2 million earlier this week. However, thanks to recent price increases, the losses were successfully reversed.