A large investor recently turned around, and the ETH long order is now floating at $1.3 million 👍

Here's the thing - he had just been knocked out of $280,000 two days ago, and he started backhanding from the $2,941.7 position. Start with 100 ETH and snowball along the way. Now holding 10,288 Ethereum in his hand, a position of almost $34.17 million at market price, has earned 1.3 million on the book.

But this gameplay is exciting enough. Cross position stud, the available margin is directly returned to zero, and each profit continues to rise. So you can see that his liquidation price has been rising and is currently stuck at $3,211.8. Sounds okay? But in fact, it is only $110 away from the current price, and a slight deep correction may have to start over.

In addition, the funding rate alone deducted $15,039 in these two days. The cost of holding positions is also really rising, and this wave of operations does require some psychological quality.