A high-leverage ETH short position suffered a loss of $2.46 million and then switched to a BTC long position

PANews reported on May 19 that according to monitoring by Ember, a trader opened a 25x short position when the ETH price was $2,514 yesterday, with a total position of $103 million, but the rise in ETH caused him to gradually stop losses, and the final loss reached $2.46 million. What is more dramatic is that the price of ETH fell after the stop loss. Subsequently, the trader opened a long position of 166 BTC at a price of $106,580 and a leverage of 40x, with a position of $17.6 million, and the liquidation price was $105,510. Under high leverage, if BTC has a slight correction, it may face the risk of liquidation again.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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