Ethereum Trader Adjusts Position Amid Market Volatility

According to BlockBeats, on-chain analyst Yu Jin observed a recent rapid decline in Ethereum's price, prompting a trader with a $125,000 leveraged long position on ETH to take precautionary measures. Concerned about the liquidation price of $4,668, the trader closed 2,000 ETH just a few dollars above this threshold, effectively lowering the liquidation price by $10 to $4,658. The trader's position, backed by a $740,000 margin, still holds 23,100 ETH, valued at approximately $108 million. The position currently shows an unrealized profit of $2.63 million.