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ETH Investor Closes $342M Position with $6.86M Profit

On-chain data now shows the whale’s Ethereum leveraged longs face $3.35M in unrealized losses, highlighting the high risk and volatility of such trades.

ETH

Summary

On-chain data indicates that a whale who initially rolled a $125K ETH long into leveraged trades is now facing $3.353 million in unrealized losses. The trader’s 15x leveraged long is down $2.675 million, while a 25x leveraged long is down $678,000. These positions follow a previously reported increase in Ethereum exposure to $46.51 million, with the liquidation price close to market levels, underscoring the vulnerability to rapid losses in highly leveraged positions.

Terms & Concepts
  • ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transaction fees, smart contract execution, and decentralized application interactions.
  • Perpetual Long: A leveraged futures position betting on the price of an asset increasing, without an expiry date, typically using continuous funding payments to maintain the position.
  • Liquidation: The forced closure of a trader's leveraged position by an exchange when losses exceed the margin, preventing further losses beyond the collateral provided.