Mk4's NEAR Long Tops $25 Million as Unrealized Gain Falls $8.7 Million

Trader Mk4 held a NEAR Protocol (NEAR) long worth more than $25 million early Monday, while its unrealized gain was about $8.7 million lower than two weeks earlier.

At 4:13 a.m. ET (08:13 UTC), the position showed $12.15 million in unrealized profit. The gain had been about $20.88 million when NEAR traded at a higher level two weeks earlier. The difference is roughly $8.73 million.

An earlier snapshot of Mk4’s NEAR long placed the position’s value at $29.21 million and its unrealized gain at $15.47 million. Those figures describe a separate observation of the trade.

Mk4 also held short positions across seven other crypto assets worth a combined $13.1 million. That amount measures the size of the short positions, not their profit or loss. The $12.15 million gain applies to the NEAR long and remains unrealized while that position is open.