ChainCatcher reported that, according to monitoring by on-chain analyst Ai Yi, address 0x3e7…f1589 opened a long position in SPCX at 8 p.m. last night. The address used 10x leverage and went long on 90,296 SPCX. The position was valued at $18.43 million, with an entry price of $186.06.
Leveraged SPCX Long Shows Rapid Paper Profit
The monitored data shows that within roughly 14 hours after the position was opened, it had recorded a floating profit of $1.63 million. Floating profit refers to the mark-to-market gain on an open position before it is closed. The final profit or loss depends on the closing result, while leverage increases the notional size of the position.
The disclosed on-chain information centers on address 0x3e7…f1589 and its SPCX exposure. The key figures are 10x leverage, a 90,296-SPCX long position, $18.43 million in position value, a $186.06 entry price, and $1.63 million in floating profit over 14 hours.