$ETH UPDATE
#eth #MicroStrategy
🔸 A newly created wallet deposited 1.5 million USDC on February 23. Immediately after depositing funds this address decided to open an ETH long position with an extremely high leverage level of up to 25x.

🔸 Currently the position volume of this wallet has reached 15103 ETH equivalent to a total value of about 29 million USD.

🔸 Notably the liquidation price for this massive position is set at the 1819.6 USD mark putting the investor at great risk if the market continues its deep correction.

With the whale opening a high leverage long order right at sensitive price zones do trader friends consider this a successful bottom catching signal or just a position vulnerable to market liquidation sweeps?

News is for reference, not investment advice. Please read carefully before making a decision.
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ETH

1,827.42

-4.66%