A crypto wallet reversed its Ether (ETH) exposure by closing a $61.01 million short position and opening an $11.87 million long position within a 16-hour period on October 29. Additional trades included closing $17.25 million and opening $13.87 million in other positions. By early October 30, the wallet held about 5,316 ETH in its long position and reported cumulative derivatives profits of around $138 million. This activity highlights significant strategic shifts in ETH trading by this single address.
The wallet's Ether position reversal is notable context for readers. For those tracking cryptocurrency markets, Pluang data shows that as of Oct 30, 2026 14:41 WIB, 4 of 50 major cryptocurrencies rose while 45 fell. Among them, MANA dropped 8.46% with 100% sell orders, THETA fell 8.45%, and AXS declined 8.43%.
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