A new strategy titled “Buddy” aims to recover losses through an increased long position in Ethereum (ETH), now valued at $3.3 million. This approach involves a 25x leverage on the existing position, suggesting a significant risk-reward calculation. The increased investment reflects a strong belief in a potential recovery within the cryptocurrency market. Analysts note that leveraging such positions can lead to substantial gains if market conditions favor the trader. However, it also raises the potential for considerable losses if the market moves against the position. It remains to be seen how effective this strategy will be in achieving the intended recovery.
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