INSANE $ETH GAMBLE: A whale just opened a $100M+ $ETH long with 25x leverage around $2,665.
The position is already sitting on more than $4.1M in unrealized losses, with liquidation near $2,504.
That means ETH only needs to drop roughly $160 from the entry for this massive position to get wiped out.
This is either extreme conviction or one of the riskiest ETH bets we've seen.
#ETH #Ethereum ETFs, stay tuned?#
The position is already sitting on more than $4.1M in unrealized losses, with liquidation near $2,504.
That means ETH only needs to drop roughly $160 from the entry for this massive position to get wiped out.
This is either extreme conviction or one of the riskiest ETH bets we've seen.
#ETH #Ethereum ETFs, stay tuned?#