📰 【Suspected Galaxy Digital-related addresses continue to profit from ETH short positions, having recently liquidated $11 million in spot holdings.】

BlockBeats news. On April 21, according to Hyperinsight monitoring, over the past 16 hours, Galaxy Digital-related addresses (0xcac) have continued to close ETH short positions, totaling 905 coins reduced, roughly $2.09 million. Currently, there is still $2.6 million in unrealized profit, and the position size is $7.4 million. Since March, this address has significantly cut its positions, continuously selling BTC and ETH spot while also closing its short positions in sync; the cumulative spot amount sold has reached $11 million, completing the liquidation. The short position size has also fallen from $35 million to the current $13.8 million, during which the funding rate settlement recorded a profit.
Galaxy’s move this time, $ETH short positions closed faster than rabbits can run. Since March, it’s been cutting positions all the way, clearing out the $11 million spot completely. Saying they’re optimistic about the long term, but their actions are very honest. Once a large institution’s risk-control model is triggered, it runs more panicked than retail investors. That plan’s been ticking in my ears even from Mars.

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