📉 Trader lost over $3 million on long Ethereum — a typical example of playing against the market

📉 Analysts Lookonchain noticed a transaction where the trader opened a long ETH position with a 7x leverage just at the local peak — around $3411

📉 After the price drop, he was forced to partially exit with a loss of $583,500, but still holds 11,793 ETH in the position

⚠️ Unrealized loss is already about $2.66 million — the position is rapidly degrading

⚠️ Liquidation level — $2929, and the market is currently moving in that direction

📉 This is yet another example of how aggressive leverage and entries at the peak end in disaster even for large players

🟣🟢🟠

#BNB #BTC #ETH