On-chain data from Lookonchain shows a trader opened a $67 million ETH long with 10x leverage, netting over $578,000 in floating profit within minutes.
On December 10, a trader initiated a highly leveraged ETH long position worth $67 million, using 10x leverage, according to Lookonchain data. Within 20 minutes, the trader achieved a floating profit exceeding $578,000. This marks a sharp change from earlier activity in which the same trader, 'Maji', suffered heavy losses after an ETH price drop, closing previous positions and reopening with substantial exposure. The rapid swing in outcomes underscores the significant risks and rewards in aggressive leveraged crypto trading.