The "1011 Insider Whale" closed out a 5,000 ETH short position with a 5x leverage, making a profit of approximately $55,000.

According to Odaily Planet Daily, crypto analyst Ai Yi (@ai_9684xtpa) reports that the "1011 Insider Whale" has closed its short position of 5,000 ETH with 5x leverage, established yesterday, at a price of approximately $2,989.85, resulting in a profit of approximately $55,000.

On-chain data shows that the address currently holds 10.83 million USDC as margin in its perpetual contract account, and it is unknown whether it will continue to build positions.