Three whale addresses exited long positions worth about $7.26 million within an hour as tech-linked assets moved lower, according to monitoring data cited by BlockBeats on July 24. At the time of publication, SK Hynix, Google and the Nasdaq 100 were down roughly 5.8%, 4.2% and 1.9%, respectively. The combined realized loss across the three trades was about $79,800.
One address starting with 0x960 fully closed 167.0 Nasdaq 100 long contracts for about $4.729 million, taking a loss of around $46,000. A second address beginning with 0x943 closed 1,248.3 SKHX longs worth about $1.502 million, losing about $18,000, and then opened a $225,700 short position in SKHX. A third address beginning with 0x61c exited 3,262.0 GOOGL longs worth about $1.032 million, with a loss of roughly $14,000.
Among the three transactions, only the GOOGL trade was confirmed to have been triggered by a stop-loss order set at $317. The other two were described as discretionary loss-taking exits.
Three whale addresses closed long positions worth a combined $7.2637 million within an hour as tech stocks extended their decline, according to Hyperinsight monitoring cited by BlockBeats on July 24.
At the time of publication, SK Hynix was down about 5.8%, Google had fallen roughly 4.2%, and the Nasdaq 100 was lower by around 1.9%.
Three whale addresses exited longs during the sell-off
The three addresses recorded total realized losses of about $79,800.
An address beginning with 0x960 fully closed 167.0 Nasdaq 100 long positions in a transaction worth about $4.729 million, realizing a loss of around $46,000.
An address beginning with 0x943 fully closed 1,248.3 SKHX long positions worth about $1.502 million, taking a loss of roughly $18,000. It then flipped to a short position in SKHX worth $225,700.
An address beginning with 0x61c fully closed 3,262.0 GOOGL long positions in a transaction worth about $1.032 million, with a loss of around $14,000.
Only one stop-loss was confirmed
Among the three trades, only the GOOGL position was confirmed to have been triggered by a stop-loss order at $317. The other two were active loss-cutting exits.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
