🚨 Near whale short $4.41M, unrealized loss of $2.39M, close to liquidation!
A massive $4.41M short position in Near ($NEAR ) on-chain, held by wallet 0x781e…96b7, is under extreme pressure. The whale is currently sitting on an unrealized loss of $2.39M—a truly staggering figure.
With leverage of around 10x, despite the large position size, the liquidation price is only around $7.9238, about 68.9% above the current price of ~$4.6915. That means if NEAR rises by roughly that much, the entire initial margin of ~$441.3K will be wiped out.
This morning, as I watched NEAR continue to fluctuate, I couldn't help wondering how this whale is feeling. Will they hold on through the losses, or cut their losses to protect their capital?
This is my personal opinion, not investment advice. If you were in this NEAR short position, what would you do?
#NEAR #AI
A massive $4.41M short position in Near ($NEAR ) on-chain, held by wallet 0x781e…96b7, is under extreme pressure. The whale is currently sitting on an unrealized loss of $2.39M—a truly staggering figure.
With leverage of around 10x, despite the large position size, the liquidation price is only around $7.9238, about 68.9% above the current price of ~$4.6915. That means if NEAR rises by roughly that much, the entire initial margin of ~$441.3K will be wiped out.
This morning, as I watched NEAR continue to fluctuate, I couldn't help wondering how this whale is feeling. Will they hold on through the losses, or cut their losses to protect their capital?
This is my personal opinion, not investment advice. If you were in this NEAR short position, what would you do?
#NEAR #AI