A newly created wallet entered a high-risk 20x leveraged Ethereum position, which was liquidated within three days, resulting in a $4 million loss, according to Lookonchain data.
A newly created wallet initiated a 20x leveraged long position on Ethereum valued at $4.048 million four days ago, only to be fully liquidated six hours ago, resulting in a loss exceeding $4 million. The position was wiped out as the market moved against the trade, showcasing the risks associated with high-leverage trades in volatile assets like Ethereum.