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Trader James Wynn Opens 25x Leveraged Long on Ethereum

According to OnchainLens monitoring, the trader's 25x leveraged Ethereum long position has been partially liquidated, with a remaining position valued at $300,000.

ETH

Summary

Trader James Wynn, who previously opened a 25x leveraged long position on Ethereum, has experienced a partial liquidation, according to OnchainLens monitoring. Wynn continues to hold an ETH long position with a notional value of $300,000, an entry price of $4,317.85, and a liquidation price of $4,258.75.

Terms & Concepts
  • Leveraged Long Position: A trading strategy where an investor borrows funds to increase exposure to an asset, aiming to amplify potential gains but also increasing risk.
  • Liquidation Price: In leveraged trading, the price at which a position is automatically closed to prevent further losses when the margin collateral falls below a required level.
  • Ethereum (ETH): A leading blockchain platform with a native cryptocurrency (ETH), widely used for smart contracts and decentralized applications.