ETH is truly a 'whale graveyard'
The bankrupt 'three brothers'——
🐳James Wynn: 25x leverage long on ETH, average price $4,239, ended up blowing up, account only left with 6,000U
🐳AguilaTrades: entered long at 4748 high, stopped out at 4495, lost 4 million
Entered long again at 4556, lost another 200,000
🐳'Rolling to long ETH': rolled over at 4658, 740,000 principal, made 6 million at the high but didn't close, now lost 80,000 principal
These past few days, ETH's volatility has been hellish, 'too greedy' will blow you up, 'strict stop-loss' will get swept, you have to play spot to survive.