Ethereum Long Near Liquidation as Buddy Account Expands to $10M with 25x Increase and USDC Margin Deposits
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
According to on-chain data, COINOTAG News reports that the ‘buddy’ Ethereum long position sits within roughly 1% of its liquidation price, with the spot near $3,847 and liquidation at $3,803. The unrealized loss is near $270,000, underscoring the risk of highly leveraged bets in a volatile market.
Earlier today, the same account expanded its Ethereum long by about 25x, lifting total notional exposure to $10 million. To stave off a forced close, it added margin in two increments, depositing a combined USDC 205,000.
This episode illustrates the fragility of large-leverage positions and the role of margin discipline. On-chain margin activity can serve as a live gauge of liquidity risk for Ethereum longs, a signal market watchers will scrutinize as COINOTAG News continues coverage.