A prominent trader known as “Machi Big Brother” has recently expanded his long position in Ethereum to 2,700 ETH, employing 25 times leverage. Currently, this position is yielding an unrealized profit of approximately $150,000. This move reflects the trader’s strong confidence in a near-term price increase for Ethereum. Ethereum is a well-known cryptocurrency based on blockchain technology, widely used by developers to build applications and smart contracts. Although its price tends to be volatile, recent market trends have shown an appreciation in Ethereum’s value, attributed to new upgrades and the growing use of decentralized finance (DeFi). Leverage allows investors to amplify their market exposure beyond their initial capital, which can increase profits but also significantly raises risk, as even minor price declines can lead to substantial losses. Using 25x leverage is particularly risky given Ethereum’s volatility. Machi Big Brother’s investment signals that some experienced investors anticipate short-term gains in Ethereum’s price. However, the inherent uncertainty in the crypto market necessitates caution in decision-making. Overall, this type of investment highlights both the increasing activity in the market and Ethereum’s rising significance, while also underscoring the importance of being mindful of the risks involved in cryptocurrency investments.
Source: binance
