Trader Closes $120.54 Million in Bitcoin and Ether Shorts

A trader closed Bitcoin (BTC) and Ether (ETH) short positions valued at $120.54 million combined, generating $2.75 million in profit. The wallet retained $25.55 million in open positions, which showed $2.8 million in unrealized gains. The Bitcoin short was valued at $97.3 million and generated $1.46 million in profit. The Ether short was valued at $23.24 million and generated $1.29 million. The report was timestamped 10:46 p.m. ET Sunday (03:46 UTC Monday) and said the positions had been closed about five hours earlier.