$ETH The whale deposited 3 million USDC in DEX to open a long ETH position with 20x leverage

On 15/12, the decentralized derivatives market witnessed a high-risk bet from a large wallet address.

🔸 A total of 3 million USDC was deposited by the wallet on the DEX platform.

🔸 The entire amount was used to open a long ETH position.

It is noteworthy that the leverage used reaches up to 20x.

🔸 Using 20x leverage with millions of dollars in capital is a high-risk move. This investor expects a strong rise in ETH in the short term. However, the risk of liquidation is extremely high if the market sneezes with a slight correction around 4 to 5%.

Dare you to use 20x leverage to trade millions of dollars?

News for reference only, not investment advice. Please read carefully before making a decision#Binanceholdermmt #BinanceHODLerMorpho #ETHBreaksATH #BinancehodlerSOMI