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Whale 10 million U all in 20x leverage go long ETH, liquidation price 1990 USD
[Block Rhythm] Interesting on-chain actions came on December 2: a certain Whale dumped 10 million U into a certain decentralized derivation platform in one go, and then went all in to open a 20x leverage to go long ETH.
This order is quite significant - 12,000 ETH, which amounts to approximately 32.8 million USD at the current price. However, I must remind you that this guy has set his liquidation price at 1,990 dollars. If ETH drops to this level, this operation could end up in a liquidation.
The market has been quite volatile recently, and holding high-leverage long positions really tests one's mental fortitude. I wonder if they are genuinely bullish on the market, or just gambling on a short-term rebound?