A large cryptocurrency trader, known as a whale, lost more than $308 million on a leveraged Ether position, underscoring the risks of leveraged trading during volatile market conditions.
The unknown crypto trader was liquidated on their 50x leveraged long position for over 160,234 Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH), worth more than $308 million at the time of writing, data-ct-non-breakable=”null” href=”https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c” rel=”null” target=”null” text=”null” title=”null”>Hypurrscan data shows.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/long-and-short-positions-explained” rel=”null” target=”null” text=”null” title=”null”>Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular…
