Arm-Linked Short Reached $1.84 Million Before Trader Lost $108,800
Photo: TokenPost
A trader's Arm-linked short had grown to about $1.8368 million by Wednesday's U.S. market close before the position was fully liquidated 27 minutes after the first entry, leaving a loss of about $108,800. Building began at 3:36 p.m. ET Wednesday, Nov. 4 (20:36 UTC). Full liquidation came at 4:03 p.m. ET (21:03 UTC). The average entry price was $190.82, compared with an average liquidation price of $202.12. The $1.8368 million figure describes the accumulated position size, not the trader's loss. A short is designed to benefit when an asset's price falls.
Source: TokenPost
