The "1011 short-selling insider" has successfully closed an Ethereum short position, securing a profit of $55,000. According to on-chain analyst Ai Yi, the trader initiated a 5x short position involving 5,000 ETH yesterday afternoon. The position was liquidated six hours later at 3 AM today, with a closing price of $2,989.85 per ETH. Despite the closure, the trader's margin of 10.83 million USDC remains in the perpetual contract account.