This trader clearly got caught on the wrong side of the crash. An address holding massive long positions across BTC, ETH, HYPE and ZEC is now facing around $1.725M in unrealized losses.
And the liquidation margins are frighteningly thin:
BTC – 30x long: Down $709K, with just $398.70 left before liquidation.
ETH – 15x long: Down $378K, liquidation buffer only $86.14.
HYPE – 10x long: Down $618K, with just $6.58 remaining.
ZEC – 10x long: Down $205K, buffer sitting at $38.28.
That HYPE position is especially scary. A tiny move in the wrong direction could be enough to trigger liquidation.
High leverage can make profits look incredible on the way up, but the downside hits just as hard. 🥲
Wallet: 0xf08193e61aedd3139bcb0c95c773e3c65de9e39e
And the liquidation margins are frighteningly thin:
BTC – 30x long: Down $709K, with just $398.70 left before liquidation.
ETH – 15x long: Down $378K, liquidation buffer only $86.14.
HYPE – 10x long: Down $618K, with just $6.58 remaining.
ZEC – 10x long: Down $205K, buffer sitting at $38.28.
That HYPE position is especially scary. A tiny move in the wrong direction could be enough to trigger liquidation.
High leverage can make profits look incredible on the way up, but the downside hits just as hard. 🥲
Wallet: 0xf08193e61aedd3139bcb0c95c773e3c65de9e39e
