On November 5th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the "smart money that went long on ETH at 25x leverage after the 1011 flash crash" has switched to shorting, giving back $8.38 million in profits. Eight hours earlier, he closed his remaining 19,383.25 ETH long positions in batches, ultimately incurring a loss of $6.646 million; subsequently, he opened a 25x leveraged short position, holding 18,802.51 ETH (approximately $61.45 million), currently showing a floating profit of $1.3 million. [BlockBeats]