Whale Opens $22.93 Million 40x Leveraged Bitcoin Long Position
A large trader shifts to a 15x leveraged ETH long worth $181 million, despite carrying unrealized losses exceeding $15 million at current prices.
BTC
ETH
Summary
A crypto whale that previously shorted Aster now holds 61,000.8403 ETH in long positions with 15x leverage, valued at $181 million. The entry price is $3,219.98, while the current mark price is $2,971.2, resulting in an unrealized loss of approximately $15.176 million.
Terms & Concepts
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and decentralized applications.
- Leverage: The use of borrowed funds to increase the size of a trading position, amplifying both potential gains and losses.
- Long Position: A trading strategy where an investor buys an asset expecting its price to rise, aiming to sell it later at a higher price.