Odaily reported, citing monitoring from Onchain Lens, that a whale has opened a leveraged long position in ETH. The position totals 31,957 ETH and uses 5x leverage. Based on the disclosed figures, the position is valued at $54.98 million.
The liquidation price for the position is $1,365.57. In crypto market terminology, a whale generally refers to an address or trader controlling a large amount of assets, while a leveraged long position increases market exposure in the direction of a price rise. The reported information covers the position size, leverage multiple, total value and liquidation price.
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