Whale Opens Short ETH X50 But Faces Adverse Waves!
A whale has aggressively opened a short position on ETH with a x50 leverage, hoping that the ETH price will plummet to the $1000 mark. However, the market did not cooperate!
🔽 Entry Time:
At 1 PM on April 16, the whale placed a short order in the price range of $1568 - $1572, hoping to catch the market crash with an extremely high leverage ratio.
🚨 Unexpected Developments:
Instead of decreasing, the ETH price soared straight up to $1617 after 5 days. The short position fell into a dangerous situation and faced the risk of account liquidation. However, the whale quickly cut losses before the price hit $1630, managing to escape in time.
🔥 Experienced Handling:
Although not catching the right trend, the decision to withdraw at the right moment helped the whale avoid heavy losses. A valuable but memorable lesson in the volatile world of crypto!
