Trader uses 20x leverage to go long on nearly 3,000 ETH, while suffering a massive loss of one million on a short position

HashBard · 2026-01-22T09:34:16+00:00

On January 22nd, while traders using 20x leverage to go long on ETH experienced slight unrealized gains, their short position on the silver-pegged asset xyz:SILVER faced an unrealized loss of $1.004 million, highlighting the complexity of their risk management strategies.

HashBard

2026-01-22 09:34:16

Abstract generation in progress

【Blockchain Rhythm】On-chain data monitoring shows that trader at address 0x61cee decisively took action at 17:02 on January 22nd—using 20x leverage to go long on 2996.01 ETH, with an average entry price of $3005.44. Currently, the account has a slight unrealized profit.

Interestingly, this trader was also operating on the other side. They shorted xyz:SILVER (an asset pegged to silver prices) with 20x leverage, with an average entry price of $89.71. However, this position hasn’t been as smooth—unrealized losses have already reached $1,004,000, indicating they are quite heavily trapped.

One long and one short, one profit and one loss—this risk management strategy behind these operations is worth pondering.

ETH-2,16%

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RugpullAlertOfficer

· 21h ago

Is this guy trying to hedge his bets or just looking for death? Enjoying himself while being trapped with a million loss—that's what you call risk management?

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LightningClicker

· 21h ago

This guy is really brave—enjoying himself while losing millions in blood. Risk management? What's that, haha.

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CryingOldWallet

· 21h ago

Making money with the left hand and losing with the right, this guy really knows how to play. Over 1 million just disappeared like that...

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HodlAndChill

· 21h ago

This guy is really brave—enjoying himself while losing millions. I really don't have the mental toughness for that.

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GweiWatcher

· 21h ago

Once again, a poor operation that ruins a good hand, with over 1 million loss on Silver side. How confident is this guy...

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ForkTongue

· 22h ago

Making money and losing at the same time, this guy wants to experience the full package... Playing with 20x leverage so big, losing a million still able to sleep?

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