A giant whale shorts ETH with 25x leverage; a $9 price increase will trigger liquidation
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Jinse Finance reported, according to lookonchain monitoring, whale 0x3386 opened a 25x leveraged short position on 6,700 ETH (approximately $14.71 million), with an entry price of $2,209.38 and a liquidation price of $2,218.70! If ETH rises by just $9 (only 0.42%), liquidation and forced closure will be triggered.
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