🚨 Short whale LINK is losing nearly $800K, will they escape?
Honestly, my heart skipped a beat watching the short position $LINK from wallet 0x3dc9…54b0. They’re holding a position with a notional size of up to ~$2.31M, but they’re currently down by about ~$798.8K.
Notably, this is a trade with leverage of ~10x, so the actual margin amount is only around ~$231K. What worries me is whether this whale has enough patience to keep holding, since the liquidation price is at about ~$64.7440—roughly 460.6% away from the current price of ~$11.5500.
Clearly, this is an enormous pressure on the short side. If LINK suddenly surges upward strongly, mass liquidations are absolutely possible. However, the crypto market always has surprises—no one can predict what will happen next. This is for reference only, not investment advice.
If you were them, would you cut the loss or decide to hold on?
#LINK #USAugustPPIRisesLessThanExpected
Honestly, my heart skipped a beat watching the short position $LINK from wallet 0x3dc9…54b0. They’re holding a position with a notional size of up to ~$2.31M, but they’re currently down by about ~$798.8K.
Notably, this is a trade with leverage of ~10x, so the actual margin amount is only around ~$231K. What worries me is whether this whale has enough patience to keep holding, since the liquidation price is at about ~$64.7440—roughly 460.6% away from the current price of ~$11.5500.
Clearly, this is an enormous pressure on the short side. If LINK suddenly surges upward strongly, mass liquidations are absolutely possible. However, the crypto market always has surprises—no one can predict what will happen next. This is for reference only, not investment advice.
If you were them, would you cut the loss or decide to hold on?
#LINK #USAugustPPIRisesLessThanExpected
