$ETH trader just went 20x long with a $7.97M position.
An address on Aster DEX opened a 2,900 ETH long using 20x leverage.
Key data:
• Position: $7.97M
• Leverage: 20x
• Unrealized profit: >$1M
• Reported return: 251.68%
The position shows how quickly leveraged ETH trades can amplify gains when price moves in the trader’s favor and, of course, the same leverage works in reverse.
20x leverage: because apparently 1x wasn’t exciting enough.
How long can this position stay in profit?
An address on Aster DEX opened a 2,900 ETH long using 20x leverage.
Key data:
• Position: $7.97M
• Leverage: 20x
• Unrealized profit: >$1M
• Reported return: 251.68%
The position shows how quickly leveraged ETH trades can amplify gains when price moves in the trader’s favor and, of course, the same leverage works in reverse.
20x leverage: because apparently 1x wasn’t exciting enough.
How long can this position stay in profit?