Crypto whale was liquidated for USD 308M in a leveraged Ether trade
Cryptocurrency markets remained volatile due to uncertainty surrounding global trade tensions, which increased the risks of leveraged trading. A large cryptocurrency trader, known as a whale, lost over USD 308 million in a leveraged Ether position, underscoring the risks of leveraged trading in volatile market conditions.
The unknown cryptocurrency trader was liquidated in their 50x leveraged long position for over 160,234 Ether.
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