JUST IN: A Trader Opened a Massive 50x Long Position in This Altcoin, Very Close to Liquidation Level

According to Onchain data, the crypto whale with the address 0xe4d31c2541a9ce596419879b1a46ffc7cd202c62 opened a long position worth $95 million for Ethereum (ETH) with 50x leverage. The trader's liquidation point is at $2,089 at the time of writing. The ETH price is currently trading at $2,216. The position opened at $2,197 has a profit level of approximately $800,000 at the time of writing. In addition, the trader also has a $40 million long position for Ethereum on another platform, GMX, and the liquidation level is $2,055. You can access the details of the first position opened by the Trader here. *This is not investment advice. Continue Reading: JUST IN: A Trader Opened a Massive 50x Long Position in This Altcoin, Very Close to Liquidation Level