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After a high-leverage ETH short order lost 2.46 million USD, switched to a BTC long order.
PANews May 19 news, according to Yujin monitoring, a trader opened a 25x short order yesterday when the ETH price was $2,514, with a total position of $103 million. However, the rise in ETH led to a gradual stop loss, resulting in a total loss of $2.46 million. More dramatically, after the stop loss, the ETH price fell back. The trader then opened a long position of 166 BTC at a price of $106,580 with 40x leverage, amounting to a position of $17.6 million, with a liquidation price of $105,510. With high leverage, if BTC experiences a slight pullback, it may face the risk of getting liquidated again.