He was $30 away from losing everything. đ°
Last night, $ETH dipped to $2,282. One giant trader was holding a $396.5M long in Bitcoin and Ethereum â and his liquidation price was $2,256.
Just $30 away from getting wiped out.
At dawn, he rushed in $9.21M in margin and pushed his liquidation price down to $2,181. He survived â this time.
He was the lucky one. In the same 24 hours, around $815M in positions were liquidated and nearly 200,000 traders were wiped out, mostly longs, as $BTC broke below $80,000.
The lesson: leverage does not forgive anyone. Not small traders. Not even whales with hundreds of millions.
Would you sleep with a position $30 from liquidation â or is leverage a game you refuse to play?
#criptomarket #Ethereum
Not financial advice â just my market notes.
Last night, $ETH dipped to $2,282. One giant trader was holding a $396.5M long in Bitcoin and Ethereum â and his liquidation price was $2,256.
Just $30 away from getting wiped out.
At dawn, he rushed in $9.21M in margin and pushed his liquidation price down to $2,181. He survived â this time.
He was the lucky one. In the same 24 hours, around $815M in positions were liquidated and nearly 200,000 traders were wiped out, mostly longs, as $BTC broke below $80,000.
The lesson: leverage does not forgive anyone. Not small traders. Not even whales with hundreds of millions.
Would you sleep with a position $30 from liquidation â or is leverage a game you refuse to play?
#criptomarket #Ethereum
Not financial advice â just my market notes.
