MRVL and LITE Longs Are Liquidated With About $684,300 in Losses

An account beginning 0x45c3 lost about $684,300 after its MRVL and LITE long positions were liquidated over two consecutive days. The positions generated about $1.73 million in liquidation transactions.

The MRVL long was opened Aug. 20 at an average price of $244.47 and went about 74 days without being reduced. It was liquidated at an average of $174.04, generating about $746,400 in transactions and a reported loss of about $302,100, including fees.

The account first opened its LITE position Aug. 6 at an average cost of $907.04. After its last addition on Aug. 13, the position went more than 82 days without adjustment. It was liquidated at an average of $653.01, generating about $982,300 in transactions and a reported loss of about $382,200, including fees.

The loss figures include trading fees but exclude funding costs.