Magician Big Brother's 25x Leveraged ETH Position Approaches Liquidation With Only $28 Margin on July 5

ETH0.18%
According to Onchain Lens, Magician Big Brother's 25x leveraged Ethereum long position of 9,000 ETH (approximately $15.84 million) was approaching liquidation on July 5. The position's entry price stood at $1,721.04, while the current price was $1,760.30, generating unrealized gains of approximately $353,000 (55.7% return). However, the liquidation price was set at $1,731.95, leaving only $28 of downside before forced closure. Any minor market pullback could trigger automatic liquidation.
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