ETH down again and a $108M ETH Long Is Starting to Feel the Heat... 🤐. Four days ago, trader 0x0392 went big. The wallet opened an 8x long on 45,087 $ETH , with the position worth around $108.92M at the time.
The average entry? $2,486.37. But the market hasn't exactly been kind since then... and the position is now sitting on an unrealized loss of roughly $3.64M.
The part worth watching is the liquidation level: $2,251.19. So there’s still some room, but with 8x leverage and this much #ETH on the line, things could get interesting pretty quickly if the price keeps sliding.
Address: 0x0392a716dbee1661ea781881826b928daeb5d7d9
The average entry? $2,486.37. But the market hasn't exactly been kind since then... and the position is now sitting on an unrealized loss of roughly $3.64M.
The part worth watching is the liquidation level: $2,251.19. So there’s still some room, but with 8x leverage and this much #ETH on the line, things could get interesting pretty quickly if the price keeps sliding.
Address: 0x0392a716dbee1661ea781881826b928daeb5d7d9
