A trader closed a 3,000 ETH long position, locking in about $939,500 in profit.
On-chain monitoring firm Onchain Lens said the position was closed 4 hours ago. After closing it, the address still held $7.26 million in BTC and ETH long positions, with an unrealized profit of $1.08 million, although its cumulative historical losses still stood at $9.92 million.
· The $939,500 realized profit from this trade does not change the historical loss figure of $9.92 million; the two figures cover different scopes and cannot be offset against each other.
· The $7.26 million in positions and the $1.08 million unrealized profit are both still subject to price fluctuations; only closing the positions would lock in the gains.
Would you look first at the margin ratio on the remaining long positions or ETH’s liquidation price?
On-chain monitoring firm Onchain Lens said the position was closed 4 hours ago. After closing it, the address still held $7.26 million in BTC and ETH long positions, with an unrealized profit of $1.08 million, although its cumulative historical losses still stood at $9.92 million.
· The $939,500 realized profit from this trade does not change the historical loss figure of $9.92 million; the two figures cover different scopes and cannot be offset against each other.
· The $7.26 million in positions and the $1.08 million unrealized profit are both still subject to price fluctuations; only closing the positions would lock in the gains.
Would you look first at the margin ratio on the remaining long positions or ETH’s liquidation price?
