Whale SNDK long position at an unrealized loss, places a 1510 USD take-profit order
BIBIBI
AT A GLANCE
According to BlockBeats, 0x0ad9-prefixed address holds SNDK in long positions and placed an entire-position take-profit order at 1510 USD, while it remains at an unrealized loss.
Article
A whale places a take-profit order worth tens of millions USD SNDK while awaiting breakeven
According to BlockBeats,October 21，0x0ad9-prefixed “Storage Smart Money” previously completed 13 rounds of flash trades,SNDK trades, 12 profitable and 1 unprofitable. After fees and funding costs, it made a combined net profit of approximately 2816000 USD, but its renewed long position in this round has not yet reached breakeven.
This round of long positions was initially established at Beijing time October 12, with an average purchase price that day of 1546.41 USD; it subsequently continued averaging down as the price declined, reducing the average price of the entire position to 1506.84 USD.
As of publication, the whale holds 6646.976 SNDK long positions, valued at approximately 9259000 USD, with an unrealized loss of approximately 757000 USD.
It has now created an entire-position take-profit order for this long position at 1510 USD, worth approximately 10037000 USD. This price is only approximately 0.21%above the average entry price. Based on the 1393 USD mark price, it would still need to rebound by approximately 8.4%to be triggered.
Original link https://m.theblockbeats.info/flash/372982
Key points
01
According to BlockBeats, 0x0ad9-prefixed “Storage Smart Money” previously completed 13 rounds of flash trades,SNDK trades, 12 profitable and 1 unprofitable.
02
After fees and funding costs, the previous trades generated a combined net profit of approximately 2816000 USD。
03
This round of long positions was initially established at Beijing time October 12, with an average purchase price that day of 1546.41 USD。
04
The address subsequently continued averaging down as the price declined, reducing the average price of the entire position to 1506.84 USD。
05
As of publication, the address holds 6646.976 SNDK long positions, valued at approximately 9259000 USD, with an unrealized loss of approximately 757000 USD。
06
The address created an entire-position take-profit order for the long positions at 1510 USD, worth approximately 10037000 USD。
07
The take-profit price is approximately 0.21%above the average entry price; based on the 1393 USD mark price, the price would still need to rebound by approximately 8.4%to be triggered.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report states that the address previously made multiple SNDK trades and was profitable overall, but its current long position has not yet reached breakeven. It continued buying as the price declined to lower its average entry price and set the take-profit price for its entire position at 1510 USD. Based on the mark price used in the report, the price has not yet reached that take-profit level.
Why it matters to readers
The reported entire-position take-profit order is worth approximately 10037000 USD, making 1510 USD an order price worth monitoring; however, the original article does not state whether the order will remain in place or ultimately be executed.
Beginners can focus on the relationship among the average entry price, mark price, unrealized loss, and take-profit price, and note that placing an order does not mean it has been executed.
Risks and unknowns
The information is from a BlockBeats report; the original article does not provide independently verifiable on-chain or exchange evidence.
The original article does not confirm whether the position and take-profit order still existed, were modified, cancelled, or executed after publication.
The original article does not state whether this order from a single address would affect the overall SNDK price or liquidity.
The report refers to the 0x0ad9-prefixed address as “Storage Smart Money,” but the identity of its actual controller is unknown.
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Long Position
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