$ETH long position
A trader known as “Buddy” had his long position in $ETH liquidated but quickly re-entered the market with a new long position using 25x leverage. This move indicates a strong belief in the potential for $ETH’s price to rise following the liquidation. The decision to leverage at 25 times suggests a high-risk strategy, which can amplify both potential gains and losses. Such trading behavior is common among cryptocurrency traders who seek to capitalize on market volatility. Buddy’s quick re-entry into the market reflects a typical approach in the fast-paced world of cryptocurrency trading, where traders often react swiftly to market changes.
