Recently, the cryptocurrency market has once again stirred waves, as a bold investor performed an astonishing operation on Ethereum (ETH). This investor went long on ETH this morning at a price of $4,247, with an initial investment amount of 740,000 USDT.



As night falls, the price of ETH has seen a significant increase. The investor seizes the opportunity, continuously increasing his position with floating profits. Notably, he rapidly expanded his ETH holdings from 4,026 coins in the morning to an astonishing 15,800 coins, with floating profits soaring to $1.7 million, and total assets swelling to 2.42 million USDT.

However, such an aggressive trading strategy also comes with enormous risks. Due to the frequent rolling of positions, the investor's liquidation price is only $60 away from the current ETH market price, putting them in a precarious situation. Currently, the liquidation price of their position is set at $4,502.

This case highlights once again the high volatility and high-risk characteristics of the cryptocurrency market. Although it may bring substantial returns in the short term, investors must also carefully weigh and manage risks. The cryptocurrency market is ever-changing, and any aggressive strategy could lead to significant losses in an instant.

For ordinary investors, such high-risk operations are not advisable. It is recommended to fully understand the market, assess one's own risk tolerance, and adopt a more prudent investment strategy before making any investment decisions.
ETH-5.88%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
BearMarketGardenervip
· 20h ago
This 60-dollar gap is also dancing on the tip of the knife... Oh no, I can't take it anymore.
View OriginalReply0
UncommonNPCvip
· 08-23 22:16
50% Slump Warning!
View OriginalReply0
DaoGovernanceOfficervip
· 08-22 15:55
*sigh* empirically speaking, this is textbook degenerative yield farming behavior... have they even read vitalik's risk assessment framework?
Reply0
SnapshotBotvip
· 08-22 15:53
It’s definitely going to be cut.
View OriginalReply0
WalletWhisperervip
· 08-22 15:47
statistically speaking, wallet clustering indicates a 97% liquidation probability. classic retail fomo pattern
Reply0
digital_archaeologistvip
· 08-22 15:32
It's better to go all in and sleep on the street.
View OriginalReply0
HashRatePhilosophervip
· 08-22 15:30
Cases of suckers being successfully played for suckers
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)