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Trader 0x049b is going full degen again. The trader just opened fresh 20x leveraged longs on both $ETH and $BTC , with positions worth roughly $40M each. In total, that’s more than $80M riding on the market continuing higher.
The setup includes: 17,410 #ETH long (~$40.07M), 493.43 #BTC long (~$40.01M)
Liquidation levels are sitting pretty close too: ETH: $2,227.81, BTC: $78,009.69
What’s wild is this trader has already made around $7.83M flipping high-leverage BTC and ETH positions before, so clearly the strategy has worked for him more than once. Still, with 20x leverage, even a relatively small move the wrong way can turn into chaos fast.
Address: 0x049bdC370620bEaB340B01072FA580FD57745E7D