[Surprise liquidation incident on GMX trading platform] #GMX

The trader shorted Ethereum with high leverage and lost GMX’s $2 million margin💸. Even though Ethereum prices rose 20% in two weeks📈, traders still doubled down and shorted with high leverage, resulting in heavy losses😔.

It remains to be seen whether ETH price will rise in the coming weeks👀, with liquidation levels of $2,000 and $2,100 being key price points that could influence ETH’s direction in the second half of 2023📉. Would you bet that ETH price will continue to rise? #ETH

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