Holding $16.04 million in positions, trader Loracle reduces 3x leveraged CASHCAT and PONS short positions, still profitable by over $3 million

Odaily reports: Trader Loracle has been continuously reducing 3x leveraged CASHCAT and PONS short positions over the past hour. The total value of current positions is approximately $16.04 million, still profitable by over $3 million, having previously incurred losses of $6.3 million at one point. Among these, the CASHCAT short position is approximately $4.21 million, with an average entry price of $0.207, yielding a profit of approximately $1.468 million; the PONS short position is approximately $11.83 million, with an average entry price of $0.665, yielding a profit of approximately $1.566 million.