Ethereum Trader Preemptively Adjusts Position Amidst Market Fluctuations

On-chain analyst Yu Jin flagged a recent drop in Ethereum’s price, prompting a trader with a substantial leveraged long position of $125,000 to implement risk mitigation strategies. This trader closed approximately 2,000 ETH worth just above the liquidation threshold of $4,668, effectively lowering the potential loss by $10 to $4,658. Despite taking these precautions, their position remains sizable, boasting a total of 23,100 ETH valued at roughly $108 million, and currently holding an unrealized profit of $2.63 million. #ETH