In a curious twist of fate, an Ethereum trader, perhaps a modern-day hero or a fool, finds himself clutching an unrealized treasure of over $58 million! This fortune was conjured by the audacious act of shorting ETH at the lofty height of $3,220, wielding the mighty 50x leverage like a sword of Damocles. Meanwhile, the poor investors, with their noses pressed against the glass, await the mythical bottom of the Ethereum abyss, while the short sellers dance merrily in the rain of profits. 💃
Alas! The price of ETH has plummeted to a dismal $2,337, the lowest since the fateful month of September in the year 2024, and now hovers around $2,453.70. This descent has only served to inflate the whale’s short position, allowing him to bask in the glow of the crypto market’s misfortunes. Oh, the irony! 🐳
As if the universe conspired against the unsuspecting traders, large liquidations have erupted like a volcano, with Coinglass data revealing a staggering $1 billion in crypto liquidations as Bitcoin and its merry band of altcoins took a nosedive. What a spectacle! 🎢
On-chain data from the oracle known as Lookonchain confirms the trader’s astonishing $58 million profit, including the ever-elusive funding fees, as Ethereum’s price continues its downward spiral. Truly, a tale for the ages! 📉
On the third day of February, Lookonchain unveiled another trader, who, in a fit of bravado, has amassed over $30 million in profit from a similar 50x leveraged short position. As ETH’s price fell, their position transformed into an unrealized gain, echoing the whale’s own daring escapade. 🦈
Moreover, the on-chain data reveals a flurry of ETH movements. A staggering 50,000 ETH was dispatched to Kraken, perhaps to add to the selling frenzy. Meanwhile, BlackRock, in a fit of generosity, moved 18,168 ETH (worth over $44 million) to Coinbase, along with a hefty 1,800 BTC (approximately $160 million). What a generous soul! 🎁
In a tragicomic twist, a Bitcoin trader, perhaps a dreamer, suffered an $8.8 million loss after going long at the extravagant price of $101,663, only to watch BTC tumble below the $90,000 mark. Oh, the sweet taste of irony! 🍷
These events serve as a grand reminder of the perils and pleasures of leveraged trading, where some traders emerge as kings, while others are left to lick their wounds in the shadows. Such is the dance of fortune! 💃🕺
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2025-02-26 22:39