ME News reports that, on October 12 (UTC+8), according to TradingBeats monitoring, the NEAR perpetual contract on Hyperliquid reached a high of $5.959 on October 12, setting a new yearly high. The price is currently around $5.862, up approximately 10.66% in the last 24 hours. Trader mk4 (X: mk4_lul) continues to hold approximately 5.7565 million NEAR long positions, with a position value of about $33.74 million and an average entry price of just $2.353, resulting in an unrealized profit of approximately $20.2 million and a return rate of roughly 1,491%. NEAR is currently the only long position in this address’s main futures account. The account also holds short positions in seven other assets, including BTC, ETH, and SOL, with a combined value of approximately $14.53 million and a net unrealized loss of about $1.18 million. After offsetting long and short positions, the net unrealized profit across all futures holdings is currently approximately $19.02 million. No positions have been reduced or publicly listed for trading. (Source: BlockBeats)
NEAR Reaches New 2026 High; Trader mk4 Gains $20.2M in Unrealized Profits
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Summary
On October 12 (UTC+8), NEAR reached a new 2026 high of $5.959 on Hyperliquid, with trader mk4 holding a long position of 5.7565 million NEAR. Opened at $2.353, the position has generated a floating profit of $20.2 million, representing a 1,491% return. This long-term trading strategy clearly reflects value investing in crypto. NEAR remains the trader’s only long position, while short positions in BTC, ETH, SOL, and four other tokens total $14.53 million in value, with a net floating loss of $1.18 million. After offsetting, the trader’s net floating profit stands at $19.02 million, with no reductions or public orders reported.
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