🚨 NEAR short whale is down $8.24 million!
It’s truly nerve-racking to look at wallet 0xdd53…2b13. A whale is holding a short position of $NEAR with a notional value of up to $15.68 million, using 3x leverage. They’re currently sitting on an unrealized loss of around $8.24 million.
Despite the position’s large size, the margin (the actual funds deposited) is only about $5.23 million. The liquidation price—the price at which the position would be automatically closed if the market moves against it—is $21.5779, about 343.1% away from the current price. This means NEAR only needs to rise a bit further for this position to risk liquidation.
Looking at this situation, do you think the whale will cut their losses or keep holding on?
For informational purposes only, not investment advice. DYOR.
#NEAR #AI
It’s truly nerve-racking to look at wallet 0xdd53…2b13. A whale is holding a short position of $NEAR with a notional value of up to $15.68 million, using 3x leverage. They’re currently sitting on an unrealized loss of around $8.24 million.
Despite the position’s large size, the margin (the actual funds deposited) is only about $5.23 million. The liquidation price—the price at which the position would be automatically closed if the market moves against it—is $21.5779, about 343.1% away from the current price. This means NEAR only needs to rise a bit further for this position to risk liquidation.
Looking at this situation, do you think the whale will cut their losses or keep holding on?
For informational purposes only, not investment advice. DYOR.
#NEAR #AI