A Major Whale’s 20x Leveraged Short on Ethereum Has Lost Over $26 Million
According to a report by Jinse Finance, Lookonchain monitoring shows that the whale at address 0x8c58 has shorted Ethereum ($ETH) with 20x leverage and has already incurred losses exceeding $26 million. If he fails to add margin in time, he will face liquidation when the price of Ethereum reaches $5,002.3.
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