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Three traders splurged $432 million to open ETH long positions, with leverage up to 20x.
According to on-chain data, three traders have recently increased their positions in ETH, collectively opening more than $432 million in long positions. Their strategies are quite aggressive, with leverage set at 2x, 5x, 15x, and 20x respectively. Judging by this move, are they betting on a major rally in Ethereum? However, with such high leverage, they should be well aware of the risk of liquidation.