🚨 Short whale ~9 million dollars is losing badly, is their account about to get liquidated?
I was genuinely on the edge of my seat seeing the wallet 0x0b8a…d4f8 bracing a short position worth about $8.93 million. Even though it’s a notional position with 10x leverage, the actual margin of ~$893.3K is under heavy pressure.
Right now, they’re currently down, unrealized but not yet closed, to about ~$5.69 million! What’s concerning is that the liquidation price is only about 48.1% away from the current price, at around ~$132.2431. If it continues to rise, the risk of “account wipeout” is very high.
This is clearly a lesson in risk management and leverage. If it were you, would you cut the loss or keep holding the position with a?
For reference only, not investment advice. DYOR.
#HYPE $HYPE
I was genuinely on the edge of my seat seeing the wallet 0x0b8a…d4f8 bracing a short position worth about $8.93 million. Even though it’s a notional position with 10x leverage, the actual margin of ~$893.3K is under heavy pressure.
Right now, they’re currently down, unrealized but not yet closed, to about ~$5.69 million! What’s concerning is that the liquidation price is only about 48.1% away from the current price, at around ~$132.2431. If it continues to rise, the risk of “account wipeout” is very high.
This is clearly a lesson in risk management and leverage. If it were you, would you cut the loss or keep holding the position with a?
For reference only, not investment advice. DYOR.
#HYPE $HYPE
