Lookonchain: Trader's ETH Long Liquidated for $1.08M
Lookonchain reports a leveraged trader's $ETH long was fully liquidated five hours ago for a $1.08M loss while the position in 1,355.6 $BTC worth $110.85M remains open with liquidation at $80,035.7 and stop-loss at $80,500.
SourceAnalysis
Lookonchain flagged that a high-leverage gambler's $ETH long was fully liquidated five hours ago, locking in a $1.08M loss. The trader still holds 1,355.6 $BTC valued at $110.85M with a liquidation price of $80,035.7 and a stop-loss triggered at $80,500.
Price action on the 4h chart shows BTC trading at $81,799.1 inside the Bollinger bands, capped by the bearish EMA50 at $82,456.53 while the MACD golden cross offers limited bullish momentum; a test of the lower band near $80,830 appears likely before any sustained recovery.
Lookonchain
@lookonchainLooking for smartmoney onchain