ETH Short Position: Bold Whale Reopens $100M Bet After Liquidation
Main Idea
A crypto whale reopened a $100 million ETH short position with 25x leverage shortly after a previous position was liquidated due to an unexpected price surge, highlighting the high-risk nature of leveraged crypto trading.
Key Points
1. A crypto whale's 30,000 ETH position was liquidated after Ethereum's price surged above $3,700.
2. The whale quickly reopened a new 25x leveraged short position of 27,000 ETH, valued at $100 million, with an entry price of $3,637 and a liquidation price at $3,828.
3. The whale deposited $3.32 million in USDC as margin for the new position.
4. A 25x leverage means a 1% price move against the position impacts the whale's capital by 25%, demonstrating the high risk involved.
5. The incident underscores the volatility and high-stakes nature of leveraged crypto trading.
Description
BitcoinWorld ETH Short Position: Bold Whale Reopens $100M Bet After Liquidation In the dynamic and often unpredictable world of cryptocurrency, the actions of large investors, frequently dubbed ‘crypto whales,’ capture significant attention. Recently, one such prominent whale made headlines with a truly audacious move: reopening a massive ETH short position just hours after experiencing a partial liquidation. This incident highlights the high-stakes nature of digital asset trading and the convic...
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