According to Onchain Lens, a trader on Hyperliquid closed a short position of 15,760 SPCX, worth approximately $2.04 million, realizing a profit of about $1.13 million. The trader’s other recent trades included a profit of approximately $301,000 from SPCX short positions and $12,000 from SAMSUNG long positions. The cumulative trading P&L for this wallet is approximately a $2.69 million loss.
Trader closes 15,760 SPCX short position for a $1.13M profit
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Summary
A trader on Hyperliquid closed a 15,760 SPCX short position worth approximately $2.04 million, realizing a $1.13 million profit. The trading strategy also included another SPCX short that generated $301,000 and a SAMSUNG long position that yielded $12,000. Despite these gains, the wallet has incurred total losses of $2.69 million. Position sizing was critical to the outcome, as the trader managed multiple positions across different assets.
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