50x leverage, a crazy profit of $1.1 million! Ethereum short traders are directly enshrined as gods!
These days, those who play cryptocurrencies are either ridiculously rich or heart-stoppingly poor. This Ethereum short player used 50x leverage in two days to collect $1.1 million in unrealized profits on a $64.5 million position, plus $680,000 in financing fee income, and the liquidation line was as high as more than $4,750. It was simply a show of operation! But don't rush to worship, the risks behind it are equally terrifying.
According to on-chain data, this trader even lost $1.2 million when he first entered the market, but he was still able to turn losses into profits. Behind him, there is obviously a super high control of market rhythm and risk control. Don't forget that similar cases of big profits are common this year-from memecoin's $27 to $52 million to Ethereum shorts making a lot of money, 2024 is a crazy year of high risk and high returns.
But wake up, leveraged trading is never a playground for ordinary players. Even if there seem to be opportunities everywhere, a slight mistake will lead to the abyss. Smart investors always know that "winning" does not rely on a shuttle, but on the precise control of rules and risks.
Don't be blinded by short-term fluctuations. Brother Tang will teach you to lock your goals, take every step carefully, and witness the explosion of wealth with a smile! Follow Brother Tang and take you from confusion to freedom!
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