Meta’s Largest Long Position Closes With a $2.3 Million Loss

An address that had held the largest long position in Meta (META) closed its remaining exposure after a partial liquidation, realizing about $2.2961 million in losses. The address has since shifted to a short position in Apple (AAPL).

It closed 27,163.376 position units for about $17.6676 million. The closing price of $650.42 was about 11.5% below the position cost of $734.95.

A forced liquidation came before the remaining position was closed. It covered about $3.5204 million, representing roughly 20% of the original position, and caused a loss of about $472,400. The rest of the long position was closed afterward, bringing the total realized loss to about $2.2961 million.