Cryptocurrency Short Positions Yield Mixed Results

On May 31, an analysis revealed mixed outcomes for a cryptocurrency trader's short positions. According to BlockBeats On-chain Detection, the address 0xc72…0517c initiated short positions in BTC, ETH, and HYPE in mid-November last year. The BTC and ETH shorts, valued at $7.321 million, have resulted in a floating profit of $2.5 million. However, the HYPE short, valued at $1.7 million, has incurred a floating loss of $1.029 million. Overall, the account maintains a floating profit of $1.471 million.