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「ETH Army」 Stops Rolling and Pivots to Take Profit, Achieving $12.7 Million Profit Within the Month

2026.02.11 18:01:33

On February 11th, data from the Coinbob Popular Address Monitor (via https://t.me/Coinbob_track_CN) reveals that the "ETH Bear Whale" address (0x20c) has recently shifted from continuously rolling over short positions to gradually closing out positions to lock in profits. Over the past week, the address has realized approximately $12.7 million in profits, with a current monthly return on investment (ROI) of 1,277%. Its total historical profits since opening the position exceed $80 million, and the maximum drawdown during trading has consistently stayed within 20%. The address still holds a 25x leveraged ETH short position: its position size has dropped from a peak of $84 million to $16.3 million, with an average entry price of $2,941, a liquidation price of $2,592, and roughly $8.4 million in current unrealized profits. Beyond gains from price swings, the whale has also accumulated approximately $6.9 million in profits via funding rates. As one of the most active on-chain ETH shorting participants, this whale is skilled at intraday position adjustments and operates flexibly. Of the $80 million in accumulated profits, nearly $60 million has been withdrawn and secured.
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