Crypto NewsNewsInvestor Stuck In The Last Drop Lost $55M In Ethereum!

Investor Stuck In The Last Drop Lost $55M In Ethereum!

An investor who opened an Ethereum long position in BUSD on Binance lost $ 55 million.

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The leading cryptocurrency Bitcoin experienced a sharp and sudden drop yesterday evening after moving sideways between $29,000-30,000 for a long time.

While BTC came to $ 25,000 with this sharp drop, most of the investors were caught unprepared for this drop.

According to data from Coinglass, $1 billion of long positions have been liquidated.

In the amount liquidated, Bitcoin ranked first, followed by Ethereum (ETH).

So much so that an investor lost $55 million in Ethereum.

Accordingly, an investor who opened an Ethereum long position in BUSD on Binance reversed yesterday's decline and lost $ 55 million in ETH.

This investor's long position consisted of 38,986,528 ETH and was liquidated at $1,434.

According to data shared by Coindesk, $55 million in ETH liquidation accounted for approximately 30% of all futures liquidated on Binance.

Along with the decline, ETH pinned from $1,780 to approximately $1,550.

However, later news that the SEC is planning to approve Ethereum (ETH) futures ETFs compensated for some of the ETH losses and ETH climbed to the $1,680 levels.

*Not investment advice.



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