According to @EmberCN, a trader deposited 1.2 million USDC and opened an ETH long position worth $11.97 million with an entry price of $2,940 and a liquidation price of $2,695. source: @EmberCN Based on these figures, the notional exposure is roughly 4,061 ETH and the implied leverage versus the deposit is about 10x. source: @EmberCN The liquidation buffer is $245, or approximately 8.3% below entry, delineating a narrow risk window for this leveraged long. source: @EmberCN