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Leveraged Long Position Shows More Than $3.41 Million Unrealized Loss

According to Onchain Lens, the CL 2x leveraged long was opened about six hours earlier, and the paper loss widened after oil prices declined following a two-week ceasefire arrangement between the U.S. and Iran.

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Terms & Concepts
  • Leveraged long: A trading position that uses borrowed funds to amplify gains and losses while betting an asset’s price will rise.
  • Unrealized loss: A paper loss on an open position that reflects current market prices but is not locked in until the position is closed.
  • Onchain Lens: A blockchain-focused market tracking source that monitors wallet activity and trading positions.