leveraged $ETH long position
A prominent crypto whale has decreased its 25x leveraged long position in Ethereum (ETH) to a total value of $20.22 million. This move reflects a strategic adjustment in the whale’s trading approach amid market fluctuations. The reduction in position size indicates a potential reevaluation of risk or market conditions. Leveraged trading, particularly at such high multiples, can amplify both gains and losses, making it a critical area of focus for investors. The decision to cut back on this substantial position may signal a shift in sentiment regarding Ethereum’s price trajectory.
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