Whale Address Cuts Ether Short Position by $10.35 Million, Retains $198 Million Exposure

A prominent crypto derivatives whale trimmed its Ether short position by roughly $10.35 million on October 17, leaving an outstanding short position valued at about $198 million. The address, which holds over $128 million in cumulative contract gains, absorbed a realized loss of about $207,000 on the closed tranche. The move follows significant Ether derivative repositioning earlier in the week, including an October 15 pivot by an address with $26.23 million in contract losses that closed about $880,000 in longs to build a $7.64 million short position.