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Jens

A whale is going long on both $BTC and $ETH



He has opened $34,500,000 BTC long and $21,000,000 ETH long with 12x leverage.

Bitcoin Liquidation: $59,680
Ethereum Liquidation: $1,672

#SummerCreationCamp #bitcoin #Ethereum,
BTC0.21%
ETH0.51%
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Pipsniper
· 2h ago
This whale move is really a gamble—$345 million was thrown in, and the liquidation price at 59,680 doesn’t look that far off either.
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CrossChainPiggy
· 3h ago
12x leverage is just too wild—one slip and you get liquidated. How big does your heart have to be?
View OriginalReply0
RateRacer
· 4h ago
The liquidation price of ETH is only 1,672. Since Ethereum’s volatility is high, if you’re not careful you might accidentally hit that liquidation price—it’s terrifying.
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EventDriver
· 4h ago
Going long BTC and ETH at the same time—does that mean you’re a bit more diversified to reduce risk? But once leverage is high enough, diversification won’t really help.
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BlueChipLayoff
· 4h ago
12x leverage, more than $30 million in margin—sure enough, big players have trading methods we can’t even imagine.
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PrivacyMoonshine
· 5h ago
At the end of the day, it all comes down to market conditions—if BTC can hold above 60k, this round will be a huge win; otherwise…
View OriginalReply0
GasShadow
· 5h ago
This position size will definitely have an impact on the market. Will others follow and open orders too?
View OriginalReply0
StableShepherd
· 5h ago
Whales are still betting on a bull market, but if the liquidation price gets broken through, it’ll be a bloodbath.
View OriginalReply0
DeFiFarmer
· 5h ago
What’s the liquidation price for BTC at 59,680, and what is the current price? The unrealized loss space is pretty big—I hope he’s not the bag holder.
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