Total liquidation. Trading cryptocurrencies are a risky activity that can be even more dangerous When using the lever effect. In the case of liquidation, losses may be much greater than the initial capital. This happened for our merchant of the day.
- The trader faced a devastating disposal and lost more than $ 308 million in a long position on the Ethereum with the effect of the lever 50x.
- The cryptocurrency market, which has already declined, was impaired by macroeconomic tension and a lack of developers’ activity in the Ethereum network.
Whale liquidated at Ethereum
The Lever -effect trading It is a common practice in the ecosystem and traditional financing. It allows you to borrow funding to enlarge your position and thus to multiply potential profits.
However, this also increases the risk of liquidation. If the price of assets is developing Opposite in position, the trader can lose All his bet.
That happened Whale on Ethereum. As we see at Morurrscan, this whale had a long position of 160 234 ETH with a lever 50x.
In practice she opened her position when eth was 1 900 $ While the liquidation price was $ 1,877.
Unfortunately for her, the ETH course dropped briefly below $ 1,877, which led the liquidation of his position. Overall, the whale lost more than $ 308 million in surgery.
Crypto market down
This event occurs while Crypto He had been down for some time. Since your last ATH 4 100 $ In December 2024, ETH lost more than 53% of its value.
According to analysts Bitfinex This decline, quoted by specialized printing, explains several factors. On the one hand Macroeconomic tension And especially Trump’s trade war caused a general decline in markets.
On the other hand, Ethereum faces and lack of activity Developers who could be explained by the high network costs discourage new projects and developers.
On ETH ETF are not even in good shape and the latter recorded the fourth consecutive week negative clean outputs. According to SOSVAVALUE, ETH ETH specifically recorded $ 119 million last week.
In parallel, Bitcoin traders are also not spared, and at the same time $ 3 billion in BTC positions were also liquidated. It is End of Episode Decrease Or should we expect to go below? For some, The second option seems to be privileged …