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Monday, December 23, 2024
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    bitcoin
    Bitcoin (BTC) $ 95,149.49
    ethereum
    Ethereum (ETH) $ 3,279.40
    tether
    Tether (USDT) $ 0.999567
    bnb
    BNB (BNB) $ 649.06
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 2.20
    binance-usd
    BUSD (BUSD) $ 0.974656
    dogecoin
    Dogecoin (DOGE) $ 0.312346
    cardano
    Cardano (ADA) $ 0.882382
    solana
    Solana (SOL) $ 180.05
    matic-network
    Polygon (MATIC) $ 0.47273
    polkadot
    Polkadot (DOT) $ 6.83
    tron
    TRON (TRX) $ 0.244033
    HomeFinanceArkham identifies one other GMX dealer with a number of 50x quick...

    Arkham identifies one other GMX dealer with a number of 50x quick orders

    • Arkham identifies prime GMX merchants inserting high-risk leveraged contracts.
    • Andrew Kang takes a lack of $567,000 on GMX after liquidating the pair.
    • Beforehand, Kang executed quick orders of $2 million for ETH and made a revenue of 70%.

    Whereas many individuals have been following the buying and selling actions of Andrew Kang, a well known crypto futures dealer on the decentralized alternate GMX, Arkham, a market intelligence agency, believes there are different merchants on the market. platform which are additionally price watching.

    On Friday, the crypto intelligence agency posted a screenshot figuring out the highest 10 merchants on GMX by quantity over the previous month. Considered one of these merchants, recognized as 0xe20, positioned a number of quick positions yesterday, April twenty seventh, with extraordinary leverages between 40 and 50x.

    This extremely daring transfer with the high-risk leveraged contract means that some merchants are betting on additional dips within the crypto market after (BTC) solely gained round $2,000 previously few days.

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    On Thursday, Andrew Kang’s Bitcoin and (ETH) lengthy place on the GMX buying and selling platform was liquidated, leading to a lack of roughly $567,000. A market monitoring platform revealed that the dealer used extraordinary leverage of 41x.

    Beforehand, Kang executed quick orders of $2 million for ETH and BTC on the GMX platform, with 13x leverage. He reportedly made a revenue of $1.5 million, a 70% acquire, because the place opened inside every week. Shortly after, he wrote on his wall: Generally you are bearish however you then notice the market is about to harm the bears so it’s a must to change groups and step in and add oil on fireplace.

    Notably, most cryptocurrencies besides Bitcoin have remained within the purple zones since final week. BTC, nonetheless, has rallied barely over the previous 24 hours.

    The submit Arkham identifies one other GMX dealer with a number of 50x quick orders appeared first on Coin Version.

    See the unique on CoinEdition

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