A 93,000-unit long position, $ETH , is holding $214 million. Did a whale use $5.67 million in USDC to push its liquidation price to the edge of $2,181?
Market sentiment is neutral at just 54. The whale added margin to guard against a sudden wick, but the position is already down $18.62 million and has paid $2.68 million in funding fees.
Don’t assume a large unrealized loss makes a long position safe. The liquidation price is less than $200 away from the current price, and a sudden extreme wick could easily be enough.
Position management in one sentence: don’t copy whales by holding leveraged positions. Don’t go all in on spot; keep cash on hand to handle volatility. The direction at $2,365 is unclear, so leaving yourself a buffer is better than making reckless moves.
Want to see whether this approach works? The official ON Alpha Trading Competition is underway—give it a couple of tries, and you can earn rewards without risking a loss.
Can $ETH hold the key $2,200 level this time? Reply 1 if you think it will hold, or 2 if you think it’ll wick down and break through.
#Write2Earn #BinanceSquare #ETH Futures #TradingTournament
Market sentiment is neutral at just 54. The whale added margin to guard against a sudden wick, but the position is already down $18.62 million and has paid $2.68 million in funding fees.
Don’t assume a large unrealized loss makes a long position safe. The liquidation price is less than $200 away from the current price, and a sudden extreme wick could easily be enough.
Position management in one sentence: don’t copy whales by holding leveraged positions. Don’t go all in on spot; keep cash on hand to handle volatility. The direction at $2,365 is unclear, so leaving yourself a buffer is better than making reckless moves.
Want to see whether this approach works? The official ON Alpha Trading Competition is underway—give it a couple of tries, and you can earn rewards without risking a loss.
Can $ETH hold the key $2,200 level this time? Reply 1 if you think it will hold, or 2 if you think it’ll wick down and break through.
#Write2Earn #BinanceSquare #ETH Futures #TradingTournament
