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Trader Opens $28.2M Ethereum Short With High Leverage

A blockchain-tracked address initiated a large leveraged short against Ethereum, risking liquidation if ETH rises slightly above the entry price.

ETH

Summary

Blockchain address 0x9e4f opened a short position of 7,368.8 ETH valued at $28.2 million at an average entry price of $3,900.81, using 25x leverage. The liquidation price is set at $3,953.3, meaning a moderate price increase could close the position automatically.

Terms & Concepts
  • Short Position: A trading strategy where an investor sells an asset they do not own, expecting its price to fall so they can buy it back at a lower price.
  • Leverage: Using borrowed funds to increase the size of a trading position, which magnifies both potential gains and potential losses.
  • Liquidation Price: The specific asset price at which a leveraged position is forcibly closed by the exchange to prevent further losses.