🚨 STRK whale is sitting on nearly $3M in losses: Can they hold on?
An on-chain whale with the address 0xd978…2fd9 is under significant pressure, holding a long position of $STRK (betting on a price increase) with a notional value of around $5.18 million. The position is currently down about $2.90 million on paper. Notably, it uses approximately 5x leverage, meaning the actual amount of collateral is only around $1.04 million.
Even more concerning, the liquidation price (the price at which the position is automatically closed and all collateral is lost) is only about 85.2% away from the current price, at around $0.0069. A slight increase in selling pressure suggests the market is still doubtful about Starknet's recovery. Will this whale cut their losses or hold on to the position at all costs?
If it were you, what would you do when your losses were nearly half your collateral?
For informational purposes only, not investment advice. DYOR.
#STRK
An on-chain whale with the address 0xd978…2fd9 is under significant pressure, holding a long position of $STRK (betting on a price increase) with a notional value of around $5.18 million. The position is currently down about $2.90 million on paper. Notably, it uses approximately 5x leverage, meaning the actual amount of collateral is only around $1.04 million.
Even more concerning, the liquidation price (the price at which the position is automatically closed and all collateral is lost) is only about 85.2% away from the current price, at around $0.0069. A slight increase in selling pressure suggests the market is still doubtful about Starknet's recovery. Will this whale cut their losses or hold on to the position at all costs?
If it were you, what would you do when your losses were nearly half your collateral?
For informational purposes only, not investment advice. DYOR.
#STRK
