A trader is reportedly going long BTC and ETH with 20x leverage, holding a combined position of about $40M, which is extremely high-risk exposure.
đ Key perspective:
â ïž Risk level is very high
At 20x leverage, even a ~5% adverse move can put the entire position at serious risk of liquidation
BTC and ETH are highly correlated, so both moving against the trade together increases danger
Large size ($40M) means even small volatility can trigger forced liquidations or margin calls
đ What supports the long idea
Strong trend continuation in BTC/ETH
Breakout above key resistance zones (if confirmed)
Sustained spot