A whale bets $43 million on a cryptocurrency rally
Opens $43 million in long positions, loses $3 million in a single day, and his available margin drops to zero
But the interesting part is that his current positions are still turning a profit
A striking screenshot from a top trader’s id reveals the extent of the risk this whale is taking
The numbers alone are enough to grab attention:
Total value of positions: $42.97 million
Total leverage ratio: 12.91x
Net profit and loss in one day: -$2.98 million
But let’s take a look at what’s happening within their current positions
Long position $ETH
Position value: $33.04 million
Position size: approximately 14,583 ETH
Leverage: 15x
Entry price: $2,259.41
Liquidation price: $2,151.53
Unrealized profit: Approximately $93,000
Long Position $HYPE
Position Value: $9.93 million
Position Size: Approximately 117,871 HYPE
Leverage: 10x
Entry Price: $84.0126
Liquidation price: $79.4644
Unrealized profit: Approximately $30,000
Are we looking at a whale with a strong conviction that ETH and HYPE will rise, or a trader teetering on the edge of ruthless risk-taking?
Opens $43 million in long positions, loses $3 million in a single day, and his available margin drops to zero
But the interesting part is that his current positions are still turning a profit
A striking screenshot from a top trader’s id reveals the extent of the risk this whale is taking
The numbers alone are enough to grab attention:
Total value of positions: $42.97 million
Total leverage ratio: 12.91x
Net profit and loss in one day: -$2.98 million
But let’s take a look at what’s happening within their current positions
Long position $ETH
Position value: $33.04 million
Position size: approximately 14,583 ETH
Leverage: 15x
Entry price: $2,259.41
Liquidation price: $2,151.53
Unrealized profit: Approximately $93,000
Long Position $HYPE
Position Value: $9.93 million
Position Size: Approximately 117,871 HYPE
Leverage: 10x
Entry Price: $84.0126
Liquidation price: $79.4644
Unrealized profit: Approximately $30,000
Are we looking at a whale with a strong conviction that ETH and HYPE will rise, or a trader teetering on the edge of ruthless risk-taking?
