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Recently, there have been major movements in the trading circle. A trader opened a very aggressive long position on Ethereum—25x leverage, with a total value of $22.28 million. This is not a small-scale operation.
Once the data was released, it was clear that it was a high-risk, high-reward move: the opening price was set at $2977, but the liquidation price was only $2857. In other words, Ethereum would only need to drop below $120 for this large order to be forcibly liquidated. The margin of safety is alarmingly small.
Pay attention to the movements of ZBT and RVV, as these small tokens often move in tandem with the broader market. When large positions are teetering on the edge of liquidation, the overall market sentiment also becomes tense.
Is this high-leverage operation a precise sniper shot or a reckless gamble? The liquidation line is just around the corner. The subsequent trend depends on Ethereum’s next performance. Every such extreme operation in the market is a signal worth observing.