Ethereum's $230,000 Top, High Leverage Positions Become a Double-Edged Sword
On December 25, according to on-chain data tracking, a well-known address faces significant risk exposure in the Ethereum futures market. The position uses 25x leverage to long 7,400 ETH, with an entry price of $2,976.22, and a liquidation threshold set at $2,866.48.
This means that if Ethereum's price drops to $2,866.48, the entire position will face forced liquidation. Currently, the unrealized loss on this long position has exceeded $230,000, reflecting the real-time pressure caused by market volatility.
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