The market showing zero mercy today. One major trader just added 250K USDC to their $ETH long position, but within half an hour—literally thirty minutes—the contract got slapped with three consecutive liquidations. Brutal timing. The damage? Losses now sitting at over $22.7M total. The position itself is still substantial: holding 2,300 $ETH valued around $6.96M, but with a liquidation price sitting at $3,009.76, there's not much breathing room left. These rapid-fire liquidations highlight just how tight the margins are when you're running on high leverage during volatile swings. One moment of market pressure and positions crumble fast.
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The market showing zero mercy today. One major trader just added 250K USDC to their $ETH long position, but within half an hour—literally thirty minutes—the contract got slapped with three consecutive liquidations. Brutal timing. The damage? Losses now sitting at over $22.7M total. The position itself is still substantial: holding 2,300 $ETH valued around $6.96M, but with a liquidation price sitting at $3,009.76, there's not much breathing room left. These rapid-fire liquidations highlight just how tight the margins are when you're running on high leverage during volatile swings. One moment of market pressure and positions crumble fast.