The whale who maxed out leverage to open a $187 million long position and bet on a rebound in the early hours of the day before yesterday seems to have failed:
His 4,890 ETH long position ($11.74 million) was liquidated at $2,356 during the 5 a.m. drop.
This was the lowest point of ETH’s downward wick in the early hours today, which means his liquidation may have contributed to the low.
His 4,890 ETH long position ($11.74 million) was liquidated at $2,356 during the 5 a.m. drop.
This was the lowest point of ETH’s downward wick in the early hours today, which means his liquidation may have contributed to the low.