š LIT whale up over $2.21Māimpressive skill or just luck?
This morning, I was startled to see a whale wallet (0x016eā¦46b0) holding a long position worth around $6.14 million with 2x leverage. Right now, the position is sitting on an unrealized profit of around $2.21 million.
Whatās striking is that despite the positionās size, the actual margin is only around $3.07 million. The liquidation price (where the position is automatically closed if the price moves against it) is just ~$0.9623āabout 73.9% below the current price of ~$3.6915. Thatās a pretty comfortable buffer.
Seeing those huge gains, I canāt help admiring their market instincts, while also wondering: are they a master at reading market direction, or did they simply get lucky and catch the wave? If you were in a position with gains this big, would you take profit or keep holding?
For informational purposes only, not investment advice. DYOR.
#LIT $LIT
This morning, I was startled to see a whale wallet (0x016eā¦46b0) holding a long position worth around $6.14 million with 2x leverage. Right now, the position is sitting on an unrealized profit of around $2.21 million.
Whatās striking is that despite the positionās size, the actual margin is only around $3.07 million. The liquidation price (where the position is automatically closed if the price moves against it) is just ~$0.9623āabout 73.9% below the current price of ~$3.6915. Thatās a pretty comfortable buffer.
Seeing those huge gains, I canāt help admiring their market instincts, while also wondering: are they a master at reading market direction, or did they simply get lucky and catch the wave? If you were in a position with gains this big, would you take profit or keep holding?
For informational purposes only, not investment advice. DYOR.
#LIT $LIT