On May 11, Lookonchain's monitoring showed that as the price of ETH surged, a whale placed a long-term bet with low leverage (2x) on ETH, earning over 10 million USD in unrealized profit in just 3 days.
This move comes amid significant volatility in the cryptocurrency market, especially with ETH. This whale has a quite smart strategy by taking advantage of ETH's upward momentum with light leverage to optimize profits while still limiting risks. This is a testament to the understanding of market structure and the power of financial leverage, which can bring substantial benefits when used wisely.
This information is for market provision only and should not be considered as investment advice.
Source: https://tintucbitcoin.com/ca-voi-eth-2x-don-bay-lai-10-trieu-usd-sau-3-ngay/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
