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Sky Co‑Founder Rune Opens 7x Leveraged Short on ETH and Nasdaq 100

Rune executed high‑risk 7x leveraged shorts on Ethereum and Nasdaq 100 futures while maintaining TWAP orders, following previous long positions in WTI and Brent crude, signaling a strategic shift across asset classes.

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Summary

Onchain Lens reports that Sky co‑founder Rune opened 7x leveraged short positions on Ethereum (ETH) and Nasdaq 100 futures on March 8, after earlier holding long positions in WTI and Brent crude oil. His account also retains TWAP orders to gradually expand four open positions, reflecting a structured, high‑leverage trading strategy across multiple markets.

Terms & Concepts
  • Leveraged short position: A trading strategy using borrowed funds to bet on an asset’s price decline, with leverage amplifying both risk and potential returns.
  • TWAP (Time‑Weighted Average Price) order: An automated trading method that executes orders evenly over time to minimize market impact.
  • Futures contract: A standardized derivative agreement to buy or sell an asset at a predetermined future date and price.