Can someone explain where this alleged 50x leverage comes from? - ThreadSky

About ThreadSky

ivanthek.bsky.social • 1 day ago

Can someone explain where this alleged 50x leverage comes from?

A lucky trader just happened to put in a $200m trade with 50x leverage a few hours before a Trump pro-crypto announcement. The price of crypto jumped and this person made hundreds of millions. Pure luck I’m sure.

Comments

herejustonce.bsky.social•1 day ago

There are several places. Phemex allows up to 100x leverage

hudsonrivercroc.bsky.social•1 day ago

Met a PM in California telling me about a friend of his who made 100M on Trump coin by buying 1M during the crypto dinner, before it was announced.

So nothing surprises me now.

abssyeast.bsky.social•1 day ago

5% buy in for futures margin?

sparticuszorro.bsky.social•1 day ago

Perpetual futures trading, allowing users to speculate on crypto prices without holding the underlying assets

Hyperliquid platform is used for this

maltybiscuit.bsky.social•1 day ago

What does that cost? Assuming this can't work like traditional margin.

ivanthek.bsky.social•1 day ago

Who's on the other side?

sparticuszorro.bsky.social•1 day ago

The exchange is your counterparty on most perpetual futures trades
In hyperliquid's case the exchange is a counterparty along with other users.
They dont breakdown the makeup of the otherside exactly in what percentage split each is liable for

ivanthek.bsky.social•1 day ago

Is there a concept of a clearinghouse backstop some users default?

sparticuszorro.bsky.social•1 day ago

Control f "vault"
To see how they do this

They are always shorting(no kidding)

https://www.bitget.com/news/detail/12560604462260

ivanthek.bsky.social•1 day ago

Yikes.