According to an Odaily report, Binance’s spot account opened a 7x leveraged ETH short with the “first set 10 major goals.” The position is 6.344 ETH, with an opening average price of about 2,346.83 USDT. Meanwhile, its 5x leveraged BTC short was increased to 96.363 BTC, with an opening average price of about 74,542.92 USDT.
Currently, BTC is about 74,627 USDT and ETH about 2,349 USDT, which are basically close to the above short opening average prices. The position fluctuates around the entry price. After leverage is amplified, price movements in the opposite direction will have a more noticeable impact on net value.
The above is based on tracking publicly available live-trading data and does not constitute a judgment about the future market.
For market observation only; it does not constitute investment advice.
#BTC #ETH #Binance
Currently, BTC is about 74,627 USDT and ETH about 2,349 USDT, which are basically close to the above short opening average prices. The position fluctuates around the entry price. After leverage is amplified, price movements in the opposite direction will have a more noticeable impact on net value.
The above is based on tracking publicly available live-trading data and does not constitute a judgment about the future market.
For market observation only; it does not constitute investment advice.
#BTC #ETH #Binance