$ETH
A big Ethereum investor (called a “whale”) is losing a lot of money because of risky leveraged trades.
The whale used 15x leverage to bet that Ethereum’s price would go up with a $125,000 position. This trade is now showing a loss of $2.675 million.
Another trade with 25x leverage shows a loss of $678,000.
Altogether, the investor is facing unrealized losses of $3.353 million.
👉 In short:
The whale borrowed a lot of money to make bigger bets on Ethereum’s price going up, but since the price went the other way, they are now stuck with huge losses.