A winning streak trader suffers a crushing defeat, re-enters the fight with 10x leverage after massive losses on SOL
According to on-chain monitoring, a trader who once maintained a 10-win streak is now experiencing a brutal profit drawdown and a high-stakes reversal.
▶︎ Past record: 10 consecutive wins, with cumulative profits of $6.32 million.
▶︎ Crushing defeat: Closed an $ETH long 8 hours ago, taking a single-trade loss of as much as $10.5 million.
▶︎ Overall account: One losing trade wiped out all profits, leaving a net loss of $4.17 million.
▶︎ Latest move: Refusing to give up, they have just opened a 10x leveraged long position on 383,265 $SOL (worth $26.97 million).
This once again highlights the harsh reality of the futures market: no matter how high your win rate is, holding a heavily leveraged position without a stop-loss will eventually backfire. This whale is now heavily betting on SOL, so keep a close eye on its leverage risk.
$ETH $SOL #ETH #SOL
According to on-chain monitoring, a trader who once maintained a 10-win streak is now experiencing a brutal profit drawdown and a high-stakes reversal.
▶︎ Past record: 10 consecutive wins, with cumulative profits of $6.32 million.
▶︎ Crushing defeat: Closed an $ETH long 8 hours ago, taking a single-trade loss of as much as $10.5 million.
▶︎ Overall account: One losing trade wiped out all profits, leaving a net loss of $4.17 million.
▶︎ Latest move: Refusing to give up, they have just opened a 10x leveraged long position on 383,265 $SOL (worth $26.97 million).
This once again highlights the harsh reality of the futures market: no matter how high your win rate is, holding a heavily leveraged position without a stop-loss will eventually backfire. This whale is now heavily betting on SOL, so keep a close eye on its leverage risk.
$ETH $SOL #ETH #SOL
