He’s back, he’s back! The guy who once had roughly $1.1 billion in long positions now has only about $2,000 left in his account—and he’s still using 40x leverage 😂
A popular trader reopened positions after going quiet for about 49 days. First, he went 40x short on roughly 0.49 BTC, with a notional value of about $40,500. Not long after, he closed the short in a flash and flipped long, going 40x on roughly 0.97 BTC at an entry price of about $80,220, for a notional value of around $78,000. He’s got only about two grand in cash in the account, and his liquidation price is hovering around $79,200. If the price dips another one or two percent, he could get wiped out.
He himself called it a long position with size, but when you look at the position, it’s just 0.97 BTC. That’s wild. Last year, this guy at one point ran his long positions up to a notional value of around $1.1 billion. His cumulative realized losses on-chain still stand at about $22.58 million. Falling from his peak to a $2,000 account and still going all in—people in crypto can’t help but sweat just watching him.
Newbies are advised to watch more and trade less. If you’re buying crypto, just buy $BTC
A popular trader reopened positions after going quiet for about 49 days. First, he went 40x short on roughly 0.49 BTC, with a notional value of about $40,500. Not long after, he closed the short in a flash and flipped long, going 40x on roughly 0.97 BTC at an entry price of about $80,220, for a notional value of around $78,000. He’s got only about two grand in cash in the account, and his liquidation price is hovering around $79,200. If the price dips another one or two percent, he could get wiped out.
He himself called it a long position with size, but when you look at the position, it’s just 0.97 BTC. That’s wild. Last year, this guy at one point ran his long positions up to a notional value of around $1.1 billion. His cumulative realized losses on-chain still stand at about $22.58 million. Falling from his peak to a $2,000 account and still going all in—people in crypto can’t help but sweat just watching him.
Newbies are advised to watch more and trade less. If you’re buying crypto, just buy $BTC
