Sky co-founder Rune closes ETH long at about $257,000 loss
According to Onchain Lens, the trader also raised a 7x leveraged Brent crude oil long, exited a 20x leveraged CL oil long, and still holds leveraged equity index short positions.
ETH
RUNE
SKY
Summary
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Terms & Concepts
Leverage: The use of borrowed capital to increase position size, which can amplify both gains and losses.
TWAP order: A time-weighted average price order that splits trades over time to reduce market impact.
Short position: A trade that seeks to profit from a decline in an asset’s price rather than a rise.