On July 26, on-chain analytics revealed that AguilaTrades holds a substantial 25x leveraged long position on Ethereum, currently reflecting an unrealized gain exceeding $1.15 million. The position encompasses approximately 25,000 ETH, valued at around $93.68 million, with an entry price fixed at $3,701.04. Notably, the liquidation threshold is narrowly set at $3,698.90, underscoring the high-risk nature of this leveraged trade. This data highlights significant market confidence and the potential impact of large-scale positions on Ethereum’s price dynamics, emphasizing the importance of monitoring leveraged trades within the crypto ecosystem for informed investment decisions.
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Source: https://en.coinotag.com/breakingnews/ethereum-25x-long-position-by-aguilatrades-yields-over-1-15-million-unrealized-profit/