$ETH long position
Andrew Kang has closed a leveraged long position of 25 times on Ethereum, resulting in a loss of $62,000. The decision to exit the position marks a significant financial setback. Kang’s strategy involved high leverage, which can amplify both gains and losses in trading. The closure of this position highlights the risks associated with trading cryptocurrencies, particularly when utilizing such high leverage. As the market fluctuates, traders must carefully consider their positions to mitigate potential losses.
