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Stunned!
Woke up this morning and saw my friend's position,
Completely lost all sleep!
ETH has fallen so much
And he's still holding a 20x full margin long position
His account directly lost 2.44 million USD
The return rate dropped to -352.72%
Entered at 2566
Fell all the way to 2174
Holding stubbornly without closing the position
Margin is only 17.07%
Just one step away from liquidation
The market clearly favors the bears
The price keeps probing downward
Even more deadly is the liquidation warning data
As long as ETH drops below 2085
The entire network long positions will be liquidated for 607 million USD
A chain reaction of liquidations is about to happen
Others are reducing positions to hedge risk
He stubbornly holds on, betting on a rebound
The craziest in contracts are those like this
Betting everything on a turnaround
Win and directly change destiny
Lose and end up with nothing at all
At this ETH critical point
The bulls are really struggling to endure