BlockBeats reported on August 12 that, according to the latest monitoring data from Ember, trade.xyz's largest short position on Long Xin Technology has now been held for half a month. During that same stretch, Long Xin Technology's share price has moved steadily higher rather than falling, which is the opposite of what a short seller would want to see. The short position is currently valued at $22.86 million. Because the trade has stayed open for an extended period, the whale behind it has already paid $3.4 million in funding fees. On top of that, the position carries $4 million in unrealized losses based on its current mark-to-market value. When the funding fees paid are added to the paper loss on the short, the whale's total loss on this trade now stands at $7.4 million. The figures come from Ember's monitoring data, as cited by BlockBeats in the report.
BlockBeats reported on August 12 that, according to monitoring by Ember, the largest short position on Long Xin Technology on trade.xyz has been open for half a month. Long Xin Technology's share price has risen steadily during that stretch, leaving the short position under pressure.
The position is currently valued at $22.86 million. The whale has already paid $3.4 million in funding fees for the trade, and with $4 million in unrealized losses on the short added in, total losses now come to $7.4 million.
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