The trader who was liquidated on $12 Million in ETH then doubled down and increased to 30X leverage on the millions remaining just lost the last of their funds.
1 min read
A little while ago I posted about a trader who was aggressively shorting ETH to the tune of 13 Million with two positions of about 7x and 20x leverage. It was a weird trade from the start because ETH was having a massive rise in price and the trader was only increasing the short value.They ended up being liquidated on $12 Million. But in response, they only increased leverage to 30X on the last of their funds.
They almost made an escape barely escaping liquidation yesterday at $2013 liquidation level on ETH’s price. But then the market had another upward push and the money went poof.
There went 2.5 Million.
submitted by /u/OneThatNoseOne
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