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$ETH Whale Deposits 3 Million USDC To DEX To Long ETH With 20x Leverage
On 15/12, the decentralized derivative market just witnessed an extremely risky bet from a large wallet address.
Get 30% Cashback on Transactions at Binance Wallet/Web3 Here
🔸 A wallet address deposited a total of 3 million USDC into a DEX platform.
🔸 The entire amount was used to open a Long ETH position.
Notably, the leverage used is up to 20x.
🔸 Using 20x leverage with millions of dollars in capital is a high stakes move. This investor expects ETH to have a strong Pump in the short term. However, liquidation risk is extremely high if the market merely sneezes with a slight correction of around 4 to 5%.
Do you dare to use 20x leverage for a multi million dollar trade?
News is for reference, not investment advice. Please read carefully before making a decision.
On 15/12, the decentralized derivative market just witnessed an extremely risky bet from a large wallet address.
Get 30% Cashback on Transactions at Binance Wallet/Web3 Here
🔸 A wallet address deposited a total of 3 million USDC into a DEX platform.
🔸 The entire amount was used to open a Long ETH position.
Notably, the leverage used is up to 20x.
🔸 Using 20x leverage with millions of dollars in capital is a high stakes move. This investor expects ETH to have a strong Pump in the short term. However, liquidation risk is extremely high if the market merely sneezes with a slight correction of around 4 to 5%.
Do you dare to use 20x leverage for a multi million dollar trade?
News is for reference, not investment advice. Please read carefully before making a decision.
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