Home
News
Details

Bitcoin OG Adds 20K ETH to Long Position in $442M Gamble

iconBitcoinWorld
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$2,992.120.39%
This is the logo of the coin.
BTC
$88,293.900.03%
ETH news: A Bitcoin OG has added 20,000 ETH to a leveraged long position, raising the total to 140,094 ETH, valued at $442 million. The position is 5x leveraged, with a liquidation price of $2,387.28 and a $2.4 million unrealized loss. Known as '1011short,' the investor has shifted focus to Ethereum. Bitcoin news outlets and blockchain analysts at Lookonchain tracked the move, noting the risks of leveraged trading.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.