Trader closes 3,000 ETH long position for a profit of about $939,500

A trader closed a 3,000 ETH long position for a profit of roughly $939,500, according to OnchainLens data cited by TechFlow on November 11. The trader still holds BTC and ETH long positions worth about $7.26 million, with unrealized gains of approximately $1.08 million. Despite those gains, the trader's all-time profit and loss remains negative at about $9.92 million. The closure highlights how large directional bets on ETH can generate sizable realized profits even for traders with poor long-run track records. Watch whether the trader unwinds the remaining $7.26 million in BTC and ETH longs, and whether ETH price action keeps those positions in profit.