Whale liquidates NEAR long positions and establishes AAVE、BNB and MEGA short positions
BIBIBI
AT A GLANCE
BlockBeats, citing TradingBeats, reported that a NEAR whale realized approximately 4426600 USD in profits and turned to shorting AAVE、BNB and MEGA。
Article
🔍 On-chain Detective |NEAR Early long positions took profits 4430000 USD, then turned to shorting AAVE and BNB BlockBeats reports that November 2, according to TradingBeats monitoring, a whale that had held NEAR concentratedly liquidated approximately 2486300 long positions today, worth approximately 10276000 USD, realizing approximately 4426600 USD.
The account originally held NEAR in long positions at an average price of only approximately 2.35 USD, while the average closing price in this round was approximately 4.13 USD. It continued reducing its position over the past 6 hours, and its NEAR position has now been fully liquidated.
While taking profits on its NEAR long position, the whale began turning to short positions in other altcoins. The account established AAVE short positions during the same period, and shorted MEGA and BNB. As of press time, its newly established short positions included:AAVE approximately 1470100 USD, with an average entry price of 131.92 USD；
BNB approximately 326800 USD, with an average entry price of 706.94 USD；
MEGA approximately 190500 USD, with an average entry price of 0.0413 USD.
Original link https://m.theblockbeats.info/flash/375031
Key points
01
BlockBeats reported that, according to TradingBeats monitoring, a whale that had held NEAR concentratedly liquidated approximately 2486300 units of long positions, worth approximately 10276000 USD。
02
The report stated that the account realized approximately 4426600 USD。
03
The account originally held NEAR long positions at an average price of approximately 2.35 USD, while the average closing price in this round was approximately 4.13 USD。
04
The report stated that the account continued reducing its position over the past 6 hours, and its NEAR position was fully liquidated.
05
The account established AAVE、BNB and MEGA short positions during the same period.
06
The report stated that its AAVE short position was approximately 1470100 USD, with an average entry price of 131.92 USD。
07
The report stated that its BNB short position was approximately 326800 USD, with an average entry price of 706.94 USD。
08
The report stated that its MEGA short position was approximately 190500 USD, with an average entry price of 0.0413 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A long position is a position that bets on price increases, while a short position bets on price decreases. The reported account sold all of its NEAR long positions and realized profits, then established AAVE、BNB and MEGA short positions, indicating a change in the account’s trading direction.
Why it matters to readers
This reflects a large account adjusting its positions in several assets and may serve as a clue for observing market trading behavior; however, the original text describes only a single account and cannot confirm the overall market direction.
Beginners can use this to understand closing positions, going long, and going short, but should not use a single whale’s positions as a basis for trading decisions.
Risks and unknowns
The original text did not provide the account address, transaction hash, or position screenshots, so the relevant position and profit data cannot be independently verified.
It cannot be confirmed whether these short positions were subsequently increased, closed, or liquidated.
It cannot be confirmed whether NEAR the liquidation had a sustained impact on price or trading volume.
The headline says profits were realized 4430000 USD, while the body says approximately 4426600 USD, indicating a rounding discrepancy.
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Related concepts
Long Position
This term is not in the glossary yet. Browse related concepts in the glossary.
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
