According to the latest news, the price of Ethereum (ETH) saw a significant rise this morning. This surge has brought considerable potential gains to a daring trader. It is reported that the trader previously opened a 15x leveraged long position on ETH, which has currently accumulated about $4.78 million in floating profits.



The trader's actions have attracted widespread attention in the market. Their position size has reached an astonishing 25,108.32 ETH, with a total value close to $120 million based on the current market price. It is worth noting that the opening price of this position was $4,590, while the closing price was set at $4,670.3.

Currently, the position is in a so-called 'rolling' state, which means that the trader may be adjusting their strategy based on market dynamics. While this high-leverage operation can yield huge profits, it also comes with extremely high risks.

The recent rise in Ethereum's price reflects the ongoing volatility of the cryptocurrency market. For ordinary investors, this case demonstrates both the potential returns of cryptocurrency investments and the significant risks involved. Market participants should carefully assess their risk tolerance and make informed investment decisions.
ETH4.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
WalletDetectivevip
· 2h ago
Dude, this position is too strong.
View OriginalReply0
GateUser-e87b21eevip
· 3h ago
This 50% Slump is probably on the way.
View OriginalReply0
TooScaredToSellvip
· 08-25 06:57
The gambler is running again.
View OriginalReply0
DegenGamblervip
· 08-24 03:49
It's really a true gamble.
View OriginalReply0
notSatoshi1971vip
· 08-24 03:39
pro this wave is stable
View OriginalReply0
Rugman_Walkingvip
· 08-24 03:38
It's done.
View OriginalReply0
SchroedingerGasvip
· 08-24 03:27
What does it feel like to have fifteen times leverage? Watched it while kneeling.
View OriginalReply0
OnChainSleuthvip
· 08-24 03:24
15x leverage? This guy really dares to play!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)