ETH Whale Address 0x20C Achieves $12.7 Million Profit in Months

On February 11th, Coinbob monitoring showed that the ETH whale address 0x20C has recently shifted from rolling short positions to closing positions to take profits. In the past week, it has achieved a profit of about $12.7 million, with a monthly investment return rate of 1277%. The historical cumulative profit of this address has exceeded 80 million US dollars, with the maximum drawdown controlled within 20%. At present, we still hold a 25 times leveraged ETH short position, with the position size decreasing from $84 million to $16.3 million, with an average price of $2941 and a liquidation price of $2592. The current floating profit is about $8.4 million, and we have accumulated a profit of about $6.9 million through funding rates. Nearly $60 million of the accumulated profits from this address have been withdrawn.