Galaxy Digital-linked Address Liquidates $11M in ETH Shorts, Reduces Exposure

2026-04-21 16:22

A Galaxy Digital-associated address has liquidated $11 million in spot assets, significantly reducing its exposure to ETH and BTC. Over the past 16 hours, the address closed 905 ETH short positions, valued at approximately $2.09 million, and now holds $2.6 million in unrealized profits with a total position size of $7.4 million. Since March, the address has decreased its short position size from $35 million to $13.8 million, generating $3.5 million in profits from funding rate settlements. The address, known for executing neutral arbitrage strategies, has consistently received on-chain funds from Galaxy Digital.

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