The trader identified as the largest META long has closed the entire position after a partial liquidation and subsequent exits, realizing about $2.296 million in losses, BlockBeats reported, citing TradingBeats monitoring.
Position was closed as Meta shares fell
The address closed 27,163.376 units of META longs in trades worth about $17.6676 million. The reported average exit price was about $650.42, roughly 11.5% below the $734.95 average holding cost.
About $3.5204 million of the long was liquidated first, producing an estimated $472,400 loss. The remaining longs were later closed, and the address has since shifted to a short position in AAPL, according to the report.