A trading account named “Buddy” has once again increased its long position on Ethereum ($ETH) using high leverage, resulting in a partial liquidation. This recent trading activity has contributed to an expanded total loss for the account, which now stands at $15.16 million. The account’s strategy involves using significant leverage, which can amplify both gains and losses in volatile markets. As a result of the partial liquidation, the account has faced increased financial strain. Traders often employ high-leverage strategies to maximize potential returns; however, they also carry substantial risks, particularly in the cryptocurrency market. This situation highlights the challenges and risks associated with leveraged trading.
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