Trader Loracle’s short position in CASHCAT has moved back into profit, according to monitoring data cited by BlockBeats on Sept. 22. TradingBeats said Loracle opened the short two days earlier, with the position sized at about $7.1 million. At its worst point, the trade was showing an unrealized loss of roughly $1.4 million. It has now flipped to an unrealized gain of $194,000. TradingBeats also said Loracle’s current short exposure is equal to about 4.4% of CASHCAT’s total supply. The update tracks a sharp swing in the position’s mark-to-market performance over a short period.
Trader Loracle’s short position in CASHCAT has turned profitable, according to TradingBeats monitoring data cited by BlockBeats on Sept. 22.
TradingBeats said Loracle opened the short two days earlier, with the position sized at about $7.1 million. The trade at one point showed an unrealized loss of roughly $1.4 million, but it is now sitting on an unrealized profit of $194,000.
TradingBeats added that Loracle’s current short position is equal to about 4.4% of CASHCAT’s total supply.
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