Whale Risks $35.37M on Massive #Ethereum Short Position
A major crypto whale has just placed a high-stakes bet against Ethereum ($ETH ), opening a massive leveraged position that has caught the market's attention.
Massive Bet: The whale opened a short position of 22,000 $ETH .
High Risk: The trade utilizes a aggressive 20x leverage.
Total Value: The entire position is valued at $35.37 Million.
Danger Zone: The liquidation price is strictly set at $1,758.59.
By shorting, the whale is betting heavily that the price of Ethereum will drop. However, with 20x leverage, even a small upward price movement toward $1,758.59 will trigger an automatic liquidation, wiping out the entire margin.
#Ethereum $ETH #crypto #Bianace
A major crypto whale has just placed a high-stakes bet against Ethereum ($ETH ), opening a massive leveraged position that has caught the market's attention.
Massive Bet: The whale opened a short position of 22,000 $ETH .
High Risk: The trade utilizes a aggressive 20x leverage.
Total Value: The entire position is valued at $35.37 Million.
Danger Zone: The liquidation price is strictly set at $1,758.59.
By shorting, the whale is betting heavily that the price of Ethereum will drop. However, with 20x leverage, even a small upward price movement toward $1,758.59 will trigger an automatic liquidation, wiping out the entire margin.
#Ethereum $ETH #crypto #Bianace