「Buddy」 Ethereum Layer 2 Arbitrage Opportunity Only 1% Apart, Currently Facing $270k Unrealized Loss

BlockBeats News, October 21st, according to on-chain data, the current "buddy" account's Ethereum long position is only about 1% away from the liquidation price (current price $3,847, liquidation price $3,803). As of the time of writing, this position is already at a $270,000 loss.

This morning, the "buddy" further increased its Ethereum long position by 25x, bringing the total size to $10 million. Subsequently, to avoid liquidation, it twice added margin, depositing a total of 205,000 USDC.