This new wallet paid the ultimate price for learning to short.
After opening the position 9 days ago, it came in with $1.25 million in USDC to short $ETH . Along the way, it was liquidated 13 times in a row, racking up a total of $43.9 million in liquidations.
Over $1 million in capital snowballed into more than $40 million in liquidations. The short position was repeatedly squeezed higher by major players, turning the trade into fuel for the bulls’ rally.
After opening the position 9 days ago, it came in with $1.25 million in USDC to short $ETH . Along the way, it was liquidated 13 times in a row, racking up a total of $43.9 million in liquidations.
Over $1 million in capital snowballed into more than $40 million in liquidations. The short position was repeatedly squeezed higher by major players, turning the trade into fuel for the bulls’ rally.