Market Downturn Reduces Profits for Prominent Trader

A significant market downturn has led to a reduction in floating profits for a well-known trader, identified as the '1011 Flash Crash Insider.' Analyst @ai_9684xtpa posted on X that within 1.5 hours, the trader's floating profits decreased by $35 million, narrowing to $13.09 million. Additionally, the funding fee paid amounted to $7.7 million, leaving a net floating profit of $5.39 million. The trader's initial positions were opened at the following prices: Ethereum (ETH) at $3,161.85, Bitcoin (BTC) at $91,506.7, and Solana (SOL) at $130.19. The recent market decline has significantly impacted these positions, affecting the overall profitability.