40x BTC Long Turned Into a $1.4M Loss 😬. This trader went aggressive right into the morning pump, opening a $52.35M long around 02:45 — 650 BTC, 500 ETH and 900 ZEC at 40x leverage.
Then the market completely reversed. He closed the ETH and ZEC longs this afternoon, cut his $BTC position by 50 BTC, and walked away with around a $150K realized loss.
He’s still holding 600 BTC worth $45.82M, but that position is currently sitting on a $1.42M unrealized loss, with an entry price of $78,663.8. Definitely not the direction he was expecting.
Address: 0x970ca5d7a03bc0ba304997ea709464bbfb662a93
Then the market completely reversed. He closed the ETH and ZEC longs this afternoon, cut his $BTC position by 50 BTC, and walked away with around a $150K realized loss.
He’s still holding 600 BTC worth $45.82M, but that position is currently sitting on a $1.42M unrealized loss, with an entry price of $78,663.8. Definitely not the direction he was expecting.
Address: 0x970ca5d7a03bc0ba304997ea709464bbfb662a93
