Nvidia has become a target for short bets on the crypto derivatives market. According to Lookonchain monitoring, trader with address 0x2016 opened a 20x short position on the NVDAUSD1 contract on Aster DEX. The position’s value reached $315,000, or approximately Rp5.7 billion. This position is now generating an unrealized profit of nearly $52,400 (around Rp950 million), with an ROI of 332.79%. This means the paper profit has more than tripled the initial margin capital used. However, the position remains open, so the profit has not yet been realized. With 20x leverage, even small price movements can have a significant impact on the trader’s capital. Unfortunately, the same applies if the price moves in the opposite direction. #Leverage #PerpetualTrading #DeFi
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