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Two NEAR Short Positions Carry $25.89 Million in Unrealized Losses

Two addresses held a combined 8.63 million NEAR by midday Sept. 27, with one cutting 771,700 NEAR and the other retaining nearly all its position.

Two metal tokens rest unevenly on a precision scale / TokenPost.ai
Two metal tokens rest unevenly on a precision scale / TokenPost.ai

Two large addresses held short positions totaling 8.635 million NEAR and faced combined unrealized losses of about $25.89 million by midday Sept. 27, as one reduced its exposure while the other retained nearly all of its position.

The address beginning 0xfe7c held about 4.3209 million NEAR at an average entry price of $2.55352. Its unrealized loss was approximately $12.4419 million. Since the afternoon of Sept. 26, it reduced the position by about 771,700 NEAR, realizing a loss of roughly $1.7664 million.

The address beginning 0xdd53 held about 4.3141 million NEAR at an average entry price of $2.31039. Its unrealized loss stood at approximately $13.4495 million. Since Sept. 24, it had reduced the position by only about 5,293 NEAR.

The same address also closed part of a ZEC short position, realizing a loss of about $238,100. Its remaining ZEC short carried an unrealized loss of roughly $9.229 million.

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