Lookonchain
Trader 0xd9A2 opened a 20x long on 2,900 ETH, a position valued at $7.97 million, on Aster. The position is showing more than $1 million in unrealized profit and a reported return of 251.68%.
Why it matters
The trade illustrates how leverage can magnify returns on a directional ETH position. The reported profit is unrealized, so it is not a locked-in gain.
Market impact
This is one trader's position, not a measure of broader ETH demand. Its size and reported return make it a notable on-chain derivatives trade, while 20x leverage also magnifies the risk of a reversal.
Source: [Aster - The next-gen perp DEX for all traders — Asterdex](https://www.asterdex.com/en/explorer/address/0xd9A238512FED5E71DA3F0be1918C44E06FB7b78A)
Frequently asked questions
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How large is trader 0xd9A2's ETH position?
The trader opened a 20x long on 2,900 ETH, valued at $7.97 million.
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Where did the trader open the leveraged position?
The ETH long was opened on Aster.
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What return is the ETH long showing?
The position is showing a reported return of 251.68%, with more than $1 million in unrealized profit.
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Has the trader locked in the $1 million profit?
No. The reported profit is unrealized, meaning it remains a paper gain.
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What does 20x leverage mean for this position's risk?
Leverage magnifies the position's result in either direction. A move against the trader can sharply change the reported gain.
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