According to Blockbeats, a trader recently closed a 20-day short position in PAX Gold (PAXG), resulting in a $46,000 loss. The position trading strategy also included a 40x short of 91.61 BTC at an average entry price of $89,703.3, with a floating loss of $475,000. Additionally, the trader held a 25x short of 1,957.82 ETH at an average entry price of $3,094.18, with a floating loss of $459,000. The losses underscore the importance of careful position sizing in volatile markets.
BlockBeats News, January 14, according to... Hyperinsight Monitoring: A trader closed a 20-day short position in gold token PAX Gold (PAXG) at 16:05, incurring a loss of $46,000. Current positions are as follows:
Shorting 91.61 BTC with 40x leverage, average entry price of $89,703.3, floating loss of $475,000;
Short 1,957.82 ETH with 25x leverage, average entry price of $3,094.18, floating loss of $459,000.
