Address Closes Ether Short as Contract Account Shows $40.49 Million in Cumulative Gains

An address closed its remaining Ether (ETH) short position Saturday night, while its contract account showed $40.49 million in cumulative gains, separate from the individual close.

Address 0x418aa6bf98a2b2bc93779f810330d88cde488888 closed about 2,000 ETH between 7:49 and 8:53 p.m. ET Nov. 14 (00:49–01:53 UTC Nov. 15). The closed position was valued at about $3.45 million, and the interval lasted 64 minutes.

Closing a short position ends exposure to that trade. The $40.49 million figure is the contract account’s cumulative gain total; it is not stated as profit from the short that closed.