Crypto Address With $31.92 Million in Profits Opens $3.38 Million SKHX Long

A crypto address with about $31.92 million in cumulative contract profits shifted its SKHX position from short to long, opening a roughly $3.38 million long after closing about $720,000 in shorts. After the trades, the address held about $3.05 million in SKHX longs at 1:01 a.m. ET (06:01 UTC) Monday, Nov. 2. It also closed about $788 in long positions during the same trading window. The $3.38 million figure is the value of the position opened, while $3.05 million describes the long exposure remaining after the trades.