Trader opens 20x long on 2,900 ETH with over $1M unrealized profit
- —Position: 2,900 ETH worth $7.97M at 20x leverage on Aster
- —Unrealized profit exceeded $1 million
- —Return on the position stands at 251.68%
Why it matters: Large leveraged ETH longs signal rising risk appetite but raise the odds of cascading liquidations if prices pull back.
Source: PANews