Details of the Trade
According to monitoring data from The Data Nerd, the trader’s decision to close their DASH position has drawn significant attention. Although the DASH trade generated approximately $4 million in unrealized profit, the trader’s overall realized losses stand at an impressive $33.6 million.
Market Reaction
The short-term success of this trade has not overshadowed the long-term losses. Analysts suggest that this could be the result of several unsuccessful trading strategies over time.
- DASH short position closed four hours ago
- Unrealized profit of around $4 million
- Total realized losses reaching $33.6 million