Huge loss of 950,000! A trader's 20 open long positions failed, and holding data is revealed.

【Blockchain Rhythm】On-chain monitoring data shows that on the afternoon of January 14th, a trader closed a 20-day long position in gold token PAXG at 16:05, resulting in a direct loss of $46,000.

Looking at the two major positions he still holds, you can see how intense the bleeding is:

BTC Short: 40x leverage shorted 91.61 BTC, entered at an average price of $89,703.3, now with an unrealized loss of $475,000. This position is already in the red.

ETH Short: 25x leverage shorted 1957.82 ETH, with an entry price of $3,094.18, unrealized loss of $459,000. Both coins have not spared him.

Total unrealized loss is $950,000, and the $46,000 loss from closing the PAXG position is just the appetizer. This is the true picture of high-leverage shorts in this market wave—betting on the wrong direction, funds evaporating straight away.

PAXG-0,33%
BTC2,13%
ETH1,28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MEVHunterNoLossvip
· 14h ago
The 40x short position is still holding on stubbornly. This guy is really a brave warrior... However, this wave of market movement indeed left no room for the bears to survive.
View OriginalReply0
MetaverseVagrantvip
· 01-14 09:24
40x leverage short position on BTC? This guy is really playing with fire, lost $950,000 in one go...
View OriginalReply0
SchroedingerAirdropvip
· 01-14 09:23
$950,000 lost, this guy really went all out... 40x short on BTC? That takes a lot of confidence.
View OriginalReply0
BlockchainRetirementHomevip
· 01-14 09:17
Shorting BTC by 40x? This guy is really brave. Lost 950,000 and still dares to play.
View OriginalReply0
ForkThisDAOvip
· 01-14 09:17
Shorted BTC by 40x, this guy is really brave. Currently at a loss of 950,000, that's pretty intense.
View OriginalReply0
rugdoc.ethvip
· 01-14 09:01
Shorting BTC with 40x leverage... Bro, you're risking your life, losing 950,000 just like that.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)