Trader Opens $64.3 Million Ether Long After $471,000 Loss

Trader 0x914b closed an Ether short at a loss of about $471,000 and later opened a 25x leveraged long worth about $64.3 million, with a liquidation price of $2,650.

The trader closed a short position of 14,976 Ether (ETH) at a loss of about $471,000 before opening the long. The new position covers 23,734 ETH.

Leverage magnifies exposure to price movements. The stated liquidation price is the level at which the position would be forcibly closed if its margin could no longer support it.