COINOTAG News on September 4 reports that HyperInsight monitoring identified a crypto whale who opened a 25x ETH short near $2,249.7 in April and reduced the position by 333.19 ETH overnight. Continuous rollovers lifted the trader’s average entry to about $2,760, while the contract carried a liquidation price of $5,784.94. After the unwind initiated in late August, the account reflects an estimated unrealized loss of $17.938 million. These on-chain metrics underscore how elevated leverage magnifies counterparty exposure and liquidation risk; all figures are reported by HyperInsight and cited by COINOTAG News.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024