Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days
- High leverage trading leads to massive losses, with $44M lost in just 40 days.
- Ethereum longs face extreme risk as liquidation sits only $100 below entry price.
- ETH shows bearish pressure with RSI near 33.9 and MACD signaling weak momentum.
One of the most closely watched accounts in crypto trading circles has racked up more than $44 million in losses in just 40 days. According to EmberCN data, the individual first saw $35.8 million vanish on an Ethereum long, then followed with a $7.5 million loss shorting Bitcoin.
Despite the string of setbacks, he has returned to the market with another aggressive bet, a massive Ethereum long. The move highlights both the scale of volatility in crypto and the risks of narrow-margin leverage.
Pattern of Costly Missteps
The trader’s strategy has repeatedly ended in liquidation. His long on Ethereum lasted less than 12 hou…
Read The Full Article Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days On Coin Edition.
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Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days
- High leverage trading leads to massive losses, with $44M lost in just 40 days.
- Ethereum longs face extreme risk as liquidation sits only $100 below entry price.
- ETH shows bearish pressure with RSI near 33.9 and MACD signaling weak momentum.
One of the most closely watched accounts in crypto trading circles has racked up more than $44 million in losses in just 40 days. According to EmberCN data, the individual first saw $35.8 million vanish on an Ethereum long, then followed with a $7.5 million loss shorting Bitcoin.
Despite the string of setbacks, he has returned to the market with another aggressive bet, a massive Ethereum long. The move highlights both the scale of volatility in crypto and the risks of narrow-margin leverage.
Pattern of Costly Missteps
The trader’s strategy has repeatedly ended in liquidation. His long on Ethereum lasted less than 12 hou…
Read The Full Article Ethereum Faces $4,000 Test as Trader Burns Through $44 Million in 40 Days On Coin Edition.
Read More
Ethereum Below $4,000 as BlackRock Trims Holdings and ETF Outflows Accelerate