Trader Loracle lost about US$3.7 million by shorting SanDisk with 10 times leverage

BlockBeats news, on October 4, according to TradingBeats monitoring, the Loracle address (starting with 0xefe4) currently holds approximately 15,800 SNDK short orders, with a position of 10 times leverage, an average position price of approximately US$1,485.67, a current position value of approximately US$27.2 million, a floating loss of approximately US$3.7 million, and a position return rate of approximately -135%.

This address continued to short SNDK in mid-August, and the size of the short order once increased to approximately 17,200 shares. As SNDK surged in late September, its short-term intraday losses once expanded to about $6.7 million, and then narrowed as the stock price fell.

According to BIT (bit.com) market data, as of the latest closing, SNDK was trading at approximately $1,717, an increase of approximately 15.6% from the average position price of this address.