Trader 'Hanba Longwang' Achieves 105% Return on Anthropic Long Position

icon MarsBit
Share
AI summary iconSummary
A trader known as 'Hanba Longwang' has executed a strong position trading strategy in Anthropic’s token (ANT), achieving a 104.8% return. Using the address 0x8e0, the trader holds a $932,000 long position with 10x leverage, at an average entry price of $108.11. With ANT currently trading at $119.45, the floating profit stands at $88,500. Position sizing was critical, as this trade represents 94.6% of the account’s total futures exposure. The position was accumulated over four days, with entries on October 30 and additional buys during dips on November 2 and 3.

HuoXing Finance reports that, on November 4, according to TradingBeats monitoring, trader "Hanba Longwang" (address 0x8e0) holds a long position in Anthropic (ANT) contracts with approximately 10x leverage, valued at $932,000, at an average entry price of $108.11, with unrealized profits of approximately $88,500 and a return rate of about 104.8%. ANT is currently trading at $119.45, up approximately 10.5% from its weighted average cost basis. Since its intraday low of $104.6 on November 3, ANT has rallied approximately 13%. This position has fully captured this price movement, accounting for about 74.6% of the overall rally. The trader began accumulating ANT on October 30, followed by additional long positions of approximately $235,000 and $587,000 on November 2 and 3, respectively, during price dips. ANT is currently the sole long contract holding in this account, representing approximately 94.6% of the account’s total contract exposure. In addition to the ANT long position, the account holds approximately $48,700 in ETH short positions and $4,551 in BTC short positions. The account’s total equity is currently approximately $1.295 million, with total contract notional exposure of approximately $986,000, resulting in an overall actual leverage ratio of approximately 0.76x. Address: 0x8e096995c3e4a3f0bc5b3ea1cba94de2aa4d70c9

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.