Trader Loracle is sitting on more than $4.2 million in unrealized profit from leveraged short positions in CASHCAT and PONS, according to TradingBeats monitoring cited by BlockBeats on Sept. 11. The combined value of the two short positions stands at about $21.68 million, and both were opened with 3x leverage. The update also noted that the same trade had previously swung to an unrealized loss of $6.3 million before moving back into profit. Breaking down the positions, the CASHCAT short is worth about $5.93 million, with an average entry price of $0.207 and an unrealized profit of roughly $1.58 million. The PONS short is valued at about $15.75 million, with an average entry price of $0.665 and an unrealized profit of around $2.69 million.
Trader Loracle’s 3x leveraged shorts on CASHCAT and PONS have expanded to more than $4.2 million in unrealized profit, according to TradingBeats monitoring cited by BlockBeats on Sept. 11.
The combined value of the short positions is about $21.68 million. The trade had previously recorded an unrealized loss of $6.3 million before turning higher.
By position, the CASHCAT short is worth about $5.93 million, with an average entry price of $0.207 and an unrealized profit of roughly $1.58 million. The PONS short is worth about $15.75 million, with an average entry price of $0.665 and an unrealized profit of about $2.69 million.
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