According to Onchain data, the crypto whale with the address 0xe4d31c2541a9ce596419879b1a46ffc7cd202c62 opened a long position worth $95 million for Ethereum (ETH) with 50x leverage.
The trader’s liquidation point is at $2,089 at the time of writing. The ETH price is currently trading at $2,216. The position opened at $2,197 has a profit level of approximately $800,000 at the time of writing.
In addition, the trader also has a $40 million long position for Ethereum on another platform, GMX, and the liquidation level is $2,055.
You can access the details of the first position opened by the Trader here.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/just-in-a-trader-opened-a-massive-50x-long-position-in-this-altcoin-very-close-to-liquidation-level/