Whale stops loss and clears 20 million in scale "Nasdaq 100" long positions, weekly loss reaches $2.9 million

BlockBeats News, February 5th, according to Coinbob Hot Address Monitoring, the “Prestigious Block Trade Trader” address (0x894…) has fully closed its position in 10x leverage XYZ100 (Nasdaq 100 Index mapped contract). The position was closed at 14:00 Beijing time yesterday, just before the US stock market pre-market trading began.

Previously, this position reached a scale of $21.1 million, with an average price of $25,443.47, and an unrealized profit of up to $580,000. The position was ultimately closed at $25,291, resulting in the complete reversal of unrealized gains and an actual loss of about $300,000. If the position had not been closed in time, with the Nasdaq further declining by approximately 1.75% today, the loss could have expanded to over $700,000.

In addition, yesterday, this address also closed its position in 10x leverage COPPER (Copper Futures mapped contract), with a position size of about $18 million, an average price of $5.94, ultimately realizing a profit of about $360,000.

Currently, the trader’s total position size has decreased to about $4 million, with a weekly loss of $2.9 million. To mitigate risk, they are now only holding long positions in Intel (xyz: INTC) and Micron (xyz: MU).

This trader specializes in trading US stocks and on-chain precious metals. Previously, they were the largest on-chain gold long and had heavily invested $40 million in Nasdaq and copper prices.