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On January 16, on-chain whales used 10x leverage to go long on over 10 million FARTCOIN, currently with an unrealized loss of $105,000.
【Blockchain Rhythm】On January 16, a large active trader on the chain used 10x leverage to go long on over 10 million FARTCOIN, with a total value of approximately $3.8 million. His average entry price was $0.3873. As of now, this position has faced an unrealized loss of about $105,000. From a trading strategy perspective, the leverage multiple is quite aggressive, and the current loss magnitude also indicates the intense market volatility. The movements of such large positions have always been a focus of traders’ close attention, especially under high leverage operations, where any significant price fluctuation can trigger chain reactions.