Crypto trader AguilaTrades currently holds a highly leveraged long position on Ethereum, demonstrating the substantial gains and significant risks inherent in such strategies.
The position, amplified 25 times through leverage, represents a bet of approximately 25,000 ETH, currently valued at around $93.68 million.
According to publicly available position data, AguilaTrades entered the trade at an Ethereum price of $3,701.04.
The position currently reflects an unrealized profit exceeding $1.15 million, benefiting from movement in Ethereum’s price favoring the long trade.
However, the position operates with a liquidation price set at $3,698.90, merely $2.14 below the entry point. This extremely narrow buffer between the current entry price and potential liquidation underscores the extreme volatility risk associated with maintaining such a large position with exceptionally high leverage.
The position exemplifies the potential for significant gains but simultaneously highlights the precarious nature of extreme leverage where minor price fluctuations can trigger substantial losses.