A whale holding a 40x leveraged position on Bitcoin ($BTC) is encountering a funding fee of $1.55 million that surpasses its position size. This situation highlights the risks associated with high leverage in cryptocurrency trading. The funding fee is a cost that traders must pay to maintain their leveraged positions, and in this case, it has become significantly high. The implications of such a fee can impact the whale’s trading strategy and overall market dynamics. As leverage increases, so do the potential risks and costs, making it crucial for traders to manage their positions carefully.
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