Sky co-founder Rune closed a 7x leveraged short position on Nasdaq 100, with an overall portfolio return on investment of -22.68%.

Odaily reported that, according to Hyperbot data, Sky (formerly MakerDAO) co-founder Rune’s 7x leveraged short position on the Nasdaq 100 was fully closed 16 hours ago. Rune currently holds long positions valued at approximately $518,000, including a 20x leveraged long crude oil futures CL (WTI crude oil) and a 7x leveraged Brent Oil long position. Additionally, he holds a 20x leveraged S&P 500 short position valued at $159,000.

Currently, all of Rune’s positions are in a loss. The total position value has dropped to around $678,000, with an unrealized loss of about $61,000 and an investment return rate of -22.68%. He entered the market last month with long positions during a surge in oil prices, and at one point his unrealized profit exceeded $1 million. However, due to recent fluctuations and declines in oil prices, his oil long positions have shifted from profit to loss.