A short-term trader closed out their long position in FARTCOIN, incurring a loss of $103,000.

According to Mars Finance, on January 12th, Hyperinsight monitoring revealed that a short-term trader (0x8d0E3) closed their long position in FARTCOIN at 16:30, incurring a loss of $103,000. They currently long of 100.9 BTC with 20x leverage, showing a floating profit of $63,000; and a long of 7,500,215 FET with 5x leverage, showing a floating loss of $86,000. This address typically holds positions for short periods, ranging from a few minutes to a few days, resulting in a monthly loss of $1,766,700 and a total loss of $8,429,300 over the entire trading period.