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Ether (ETH) Long Drives Most of Luke Alpha’s $6.196 Million Paper Loss

The 13,000 ETH long had a $5.031 million unrealized loss, while the 100 BTC long lost $1.165 million.

By Enna Lee
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Mentioned assets
Two unmarked metal tokens rest on a sharply tilted balance / TokenPost.ai
Two unmarked metal tokens rest on a sharply tilted balance / TokenPost.ai

An account on Binance tracked as “Luke Alpha” had $6.196 million in unrealized losses on long positions in Ether (ETH) and Bitcoin (BTC).

The account held a 13,000 ETH long entered at $2,218.85, with a reported unrealized loss of $5.031 million. That was about 81% of the combined loss.

The account also held a 100 BTC long entered at $77,329.81, with a reported unrealized loss of $1.165 million.

The figures cover one account.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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