A trader tracked by Lookonchain has shifted to a long position in NVDA after losing $4.4 million on SKHX and failing to make money on two earlier long trades. The monitored address has now opened a 3x leveraged long and bought 96,251 xyz:NVDA, a position valued at about $20.22 million. The move marks a clear change in the trader’s current positioning, based on the on-chain activity highlighted by Lookonchain. No additional details on timing or execution were disclosed in the source post, which focused on the loss on SKHX and the new NVDA bet.
According to Lookonchain, a trader has turned to a long NVDA position after losing $4.4 million on SKHX and failing to profit from two previous long trades.
The address opened a 3x leveraged long and bought 96,251 xyz:NVDA, valued at about $20.22 million.
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