Odaily reported that, according to monitoring by Onchain Lens, a whale opened a long position of 8,615 ETH using 25x leverage. The position is valued at $14.86 million, and its liquidation price is $1,863.48.
In derivatives trading, a long position represents exposure to the upside direction, while leverage increases the size of the position relative to the margin posted. It also reduces the room available for price movement before risk controls become relevant. The liquidation price is one of the key figures used to assess the risk of a leveraged position. The disclosed monitoring data covers the direction of the trade, leverage level, ETH amount, position value and liquidation price.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.