A significant Monero (XMR) investor has finalized the liquidation of a long-term position, securing a substantial profit while simultaneously missing out on millions in additional gains. According to data provided by on-chain analyst Ai Yi, the whale address (0x615a…69d5) exited its remaining holdings on October 20, 2024, just 48 hours before a massive price surge propelled the privacy-focused cryptocurrency to a three-month high.
Strategic Long Position and Partial Profit Taking
The investor initiated a strategic long position on August 9, accumulating a total of 36,000 XMR. The average entry price for this position was established at 153.23 USDT. The whale's management of the trade involved two distinct phases:
- On August 31, the investor liquidated the first half of the position (18,000 XMR), realizing a profit of 0.637 million USDT.
- The remaining 16,000 XMR were held as a 4x leveraged long position, reflecting a bullish outlook on the Monero blockchain’s native token.
- On October 20, the investor closed the final portion of the trade at a liquidation price of 164.29 USDT, netting an additional 1.441 million USDT.
Market Surge Results in Opportunity Cost
Despite the successful realization of over 2 million USDT in cumulative profit, the timing of the final exit proved to be premature. On October 22, the XMR price surged by 12%, reaching its highest valuation in over 90 days. The analyst Ai Yi noted that by closing the position two days early, the address forfeited approximately 1.77 million USDT in potential additional profits.
Due to liquidating two days early, the address missed out on approximately 1.77 million in potential profits.
The recent price volatility in the Monero market highlights the risks and rewards associated with high-leverage trading on decentralized and centralized exchanges. While the whale successfully navigated the market to secure a million-dollar return, the 12% jump following the liquidation serves as a reminder of the inherent unpredictability of privacy coin price action in the current fiscal quarter.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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