Whale Trader Starts Closing DASH Short Position, Still $4M in Floating Profit Yet Far from Break-Even

Breakdown of Whale Trader's Move

Data from The Data Nerd revealed that on February 26, a major investor began gradually closing their DASH short position. Although the current position still yields around $4M in floating profit, overall, the trader remains significantly in the red.

Loss Assessment

Despite DASH performing relatively well in this position, the trader's total realized losses have reached approximately $33.6M, suggesting significant setbacks in other trades or assets.

Market Impact Outlook

• This exit suggests a shift in the trader's outlook on DASH's near-term price movement
• The adjustment in strategy may influence market sentiment to some extent