Famous ETH whale closes 25x long position, gains 1.27 million USD
According to data from Onchain Lens on June 23, the cryptocurrency shark nicknamed "ETH 50x Guy" (@qwatio) successfully closed a long position on ETH with leverage of up to 25 times. This trade yielded an impressive profit of up to 1.27 million USD. This is a typical example of leveraging financial instruments in the cryptocurrency market to maximize profits, although the accompanying risks are also very high.
Strategic shift: Opening a 40x short position on BTC
Immediately after taking profits on ETH, this investor quickly shifted to opening a short position on Bitcoin (BTC) with strong leverage of up to 40 times. This action reflects flexibility in trading strategy while also demonstrating a cautious view amid the current significant volatility of BTC. Using high leverage allows for optimizing profits during downturns but still requires strict risk management.
Benefits and risks of trading with leverage in the cryptocurrency market
Leveraged trading in cryptocurrency allows investors to amplify positions, increasing potential profits with only a small amount of capital. However, along with the opportunity for significant profits, the risks of liquidation and losses also increase significantly. Closely monitoring the market, analyzing on-chain data, and managing capital scientifically are crucial factors for survival and growth in this unpredictable volatile market.
Integrating on-chain data analysis and risk management
Based on on-chain metrics such as shark movements, liquidity, and open leverage, investors can grasp trends and deploy appropriate strategies. Combining real-time on-chain data with technical analysis and market sentiment helps enhance conversion rates and minimize the impact of strong volatility. Especially with high-leverage orders, this skill becomes more important than ever.
Source: https://tintucbitcoin.com/ca-voi-eth-50x-danh-cuoc-short-bitcoin/
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