A whale has taken a position worth approximately $46.6 million in Ethereum ($ETH) using 25x leverage, but subsequently faced a significant price drop. This leveraged trade has led to an unrealized loss estimated at around $3.4 million. The situation highlights the risks associated with high-leverage trading in volatile markets. Such trades can amplify both potential gains and losses, making them particularly risky for investors. The whale’s actions reflect broader trends in cryptocurrency trading, where large positions can impact market dynamics.
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