$38.71 million position: a new whale opens a 4x long on 20,000 ETH with $9.67 million in 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. The position is valued at $38.71 million, with an average entry price of $1,936, using $9.67 million in margin, and a margin utilization rate of 100.3%.