Whale Faces Significant Losses on Leveraged ETH Trades
8/5/2024 1:23:13 PM
According to @ai_9684xtpa, a whale who previously lost $4 million on leveraged ETH trades in April 2024 has incurred another $3.42 million loss. Over the past five months, this whale has attempted four leveraged long positions on ETH, resulting in cumulative losses exceeding $8.22 million. During the period from May 17 to July 19, the whale used Compound to leverage long ETH at an average price of $3138. In the last 13 hours, due to continuous price drops, the whale was forced to sell 4707.5 ETH, approximately worth $1.134 million. (Source)
Compound ETH whale leveraged tradeMore from Ai 姨 (@ai_9684xtpa): Greeks.live is Professional Option Traders’ Arsenal.