Suspected Galaxy Digital associated address continues to reduce ETH short positions, with a recent clearance of $11 million in spot goods BlockBeats News: On April 21st, according to Hyperinsight monitoring, Galaxy Digital's associated address (0xcac) has continuously closed ETH short positions in the past 16 hours, reducing its holdings by a total of 905, approximately $2.09 million. At present, there is still a floating profit of 2.6 million US dollars, with a holding size of 7.4 million US dollars. Since March, the address has significantly reduced its position, continuously selling BTC and ETH spot and simultaneously closing short positions, with a cumulative selling volume of $11 million and completing clearance; The empty order size has also decreased from 35 million US dollars to the current 13.8 million US dollars, with a fund rate settlement of approximately 3.5 million US dollars during this period. It is reported that the address has received on chain funds from Galaxy Digital multiple times and has been implementing a neutral arbitrage strategy on Hyperliquid for a long time. It usually maintains risk neutrality by selling existing goods and closing short positions, or buying spot goods and adding short positions. Address: 0xcac19662ec88d23fa1c81ac0e8570b0cf2ff26b3