Wait, is this for real? The guy who got liquidated just 5 days ago is back today with 40x leverage ๐
We're talking about the guy who opened a position worth over $1 billion in on-chain contracts last year. At its peak, his account was worth around $84.2 million. Now there's only about $2,880 left in it, and his historical P&L is down around $22.08 million.
In the early hours of October 30, his 40x BTC long was liquidated at $79,304โabout 1.17 BTC, wiped out in one go. He rested for less than 5 days, then flipped short just after 2 a.m. today and added a little more in the morning. He's now short 1.256 BTC at 40x, with a position worth around $96,000, an average entry price of $77,499, and a liquidation price of $78,228.
BTC is hovering around $76,900 right now, less than 2% away from his liquidation price. He's temporarily up over $700 on paper, but one slightly bigger green candle and that $2,000-plus will be gone again.
Going from over $80 million to just over $2,000 and still going all-in with 40x leverage every dayโI couldn't handle that kind of stress. Everyone's waiting to see how long he can hold this position.
Newbies: watch more, trade less. If you're buying crypto, just buy $BTC .
We're talking about the guy who opened a position worth over $1 billion in on-chain contracts last year. At its peak, his account was worth around $84.2 million. Now there's only about $2,880 left in it, and his historical P&L is down around $22.08 million.
In the early hours of October 30, his 40x BTC long was liquidated at $79,304โabout 1.17 BTC, wiped out in one go. He rested for less than 5 days, then flipped short just after 2 a.m. today and added a little more in the morning. He's now short 1.256 BTC at 40x, with a position worth around $96,000, an average entry price of $77,499, and a liquidation price of $78,228.
BTC is hovering around $76,900 right now, less than 2% away from his liquidation price. He's temporarily up over $700 on paper, but one slightly bigger green candle and that $2,000-plus will be gone again.
Going from over $80 million to just over $2,000 and still going all-in with 40x leverage every dayโI couldn't handle that kind of stress. Everyone's waiting to see how long he can hold this position.
Newbies: watch more, trade less. If you're buying crypto, just buy $BTC .
