Data: The "whale who went 25x long on ETH after the 1011 flash crash" has now switched to short positions, giving back over $8.38 million in profits.

According to ChainCatcher, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that the "smart money," which previously made significant profits by going long on ETH with 25x leverage after the "1011 flash crash," has recently completely reversed its position.

About 8 hours ago, this address closed out its remaining 19,383.25 ETH long positions in batches, incurring a total loss of approximately $6.646 million, giving back the previous peak profit of $8.38 million. Subsequently, the account quickly established a new 25x leveraged short position, holding about 18,802.51 ETH (worth approximately $61.45 million), with a current unrealized profit of about $1.3 million.