The $28.3 million unrealized loss is just the appetizer. For the near $93 million ETH long position that “Maji” put on, the real noose is at $2,508.
Using 25x full-margin leverage and 36,200 ETH, with an average entry price of $2,646. When the current price drops to around $2,568, there’s only a mere 2.3% buffer left before liquidation.
A position worth nearly $100 million is hanging over the edge. Once that 2.3% is broken, the sell pressure from the cascading liquidations will instantly pour out. Under a fragile market, there simply isn’t enough spot buying power to absorb a dump like that.
As long as the openly marked oversized position on top hasn’t been fully cleared, any blind bargain-buying is only using yourself as collateral for high leverage.
#IMF称代币化市场仍小且碎片化 #ETH $ETH
#MET $MET
#IMF称代币化市场仍小且碎片化
👇
Using 25x full-margin leverage and 36,200 ETH, with an average entry price of $2,646. When the current price drops to around $2,568, there’s only a mere 2.3% buffer left before liquidation.
A position worth nearly $100 million is hanging over the edge. Once that 2.3% is broken, the sell pressure from the cascading liquidations will instantly pour out. Under a fragile market, there simply isn’t enough spot buying power to absorb a dump like that.
As long as the openly marked oversized position on top hasn’t been fully cleared, any blind bargain-buying is only using yourself as collateral for high leverage.
#IMF称代币化市场仍小且碎片化 #ETH $ETH
#MET $MET
#IMF称代币化市场仍小且碎片化
👇