BlockBeats report, September 9: According to TradingBeats monitoring, trader Based16z closed approximately 7,650 VVV long positions, valued at around $200,000. After the reduction, they still hold approximately 83,290 VVV long positions, with a position value of about $2.2 million and unrealized profits exceeding $500,000.
Trader Based16z reduces $200K VVV long position, still holds $2.2M stake
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Summary
According to Blockbeats, on September 9, trader Based16z reduced a long position in VVV by approximately 7,650 tokens, worth $200,000. This trade leaves the trader with 83,290 VVV tokens, representing a $2.2 million position with over $500,000 in unrealized profit. Position sizing remains a key element of the trader’s strategy, as the VVV position remains largely intact.
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