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Major Crypto Trader Switches from Short to Long with $78.63M ETH Position
Gate News bot message, a notable trader known as The Roobet gambler (0x7B7b) has executed a significant position change in the cryptocurrency market. The trader opened a 25x leveraged long position on 25,000 ETH, valued at $78.63 million, with a liquidation price set at $3,063.08.
This move follows a challenging period for the trader, as reported by Lookonchain. Prior to this position, the trader experienced substantial losses of $6.19 million in less than four days, with their bankroll declining from $7 million to $672,000. Their previous Bitcoin short positions were reduced to 300 BTC ($31.75M) with a liquidation price of $106,756.