Currently, his 50x leverage long position of 79,000 ETH has an unrealized profit of $2.3 million.
For him, every $25 increase or decrease in ETH is quite significant. If the cost line rises by $25, he has an unrealized profit of $2 million, but if the cost line falls by $25, he will face liquidation. After all, his opening price is $25 higher than the liquidation price.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.