According to ChainCatcher, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that the "smart money" address, which previously went long with 25x leverage after the ETH flash crash, switched to short positions but closed all positions about 10 hours ago to stop losses, incurring a loss of approximately $1.386 million. The cumulative loss over the past week has reached $9.655 million, showing a trend similar to the previous "giant whale holding positions".
Subsequently, this address reversed again and opened long positions. It currently holds 2,248.72 ETH long positions (about $7.69 million) with an entry price of $3,434.29, and is currently in a floating loss state.