The whale liquidated its entire SNDK long position, with cumulative losses of approximately 4583000 USD
BIBIBI
AT A GLANCE
0x469e The address beginning with liquidated 5000 units of SNDK long positions, with cumulative losses of approximately 4583000 USD。
Article
A certain Sandisk whale liquidated its position and exited,SNDK incurring a loss on its long position 4580000 USD BlockBeats reported that October 23, according to monitoring by TradingBeats, 0x469e the whale address beginning with liquidated its remaining 5000 Sandisk () long position,SNDK with a closing transaction value of approximately 6236000 USD, **with the final round of closing alone resulting in a loss of approximately 2836000 USD.
The average entry price for this exited position was approximately 1814.45 USD, while the actual average closing price was approximately 1247.20 USD, approximately 31.3%below cost. According to statistics, the whale began establishing September 23 on SNDK long positions and fully exited today, realizing cumulative trading losses of approximately 4583000 USD.
Original article link https://m.theblockbeats.info/flash/373331
Key points
01
According to monitoring by TradingBeats, 0x469e the whale address beginning with October 23 liquidated its remaining 5000 Sandisk (SNDK) long position in the early hours of the morning.
02
The transaction value of this closing was approximately 6236000 USD, and the final closing round resulted in a loss of approximately 2836000 USD。
03
The average entry price of the exited position was approximately 1814.45 USD, while the actual average closing price was approximately 1247.20 USD, approximately below cost 31.3%。
04
The whale began establishing September 23 on SNDK long positions, and by October 23 had fully exited, with cumulative trading losses of approximately 4583000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A long position represents a bet on rising prices. The address sold its remaining position at a lower price, so the trade generated a loss.
Why it matters to readers
This indicates that a monitored address has ended its SNDK long exposure, but trading by a single address cannot demonstrate an overall market trend.
This can help beginners understand the relationship between the average entry price, average closing price, and losses on long positions.
Risks and unknowns
The report does not provide complete, independently verifiable trading records.
The original article does not identify the whale's real-world identity.
The closing of a position by a single address does not equal SNDK an overall bearish market outlook.
Related Developments
Loading event timeline…
Related concepts
Long Position
This term is not in the glossary yet. Browse related concepts in the glossary.
