$38.71 million position: A new whale opens a 4x long on 20,000 ETH with $9.67 million margin

Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale opened a 4x leveraged long position on 20,000 ETH half an hour ago, with a position value of $38.71 million and an average entry price of $1,936, using $9.67 million in margin, bringing the margin utilization rate to 100.3%.