Gambler faces repeated liquidations using extreme leverage
Sustained losses: $30M BTC and $20M ETH wiped out
23 total liquidations highlight risks of high-leverage shorts
Risky Plays: Leverage on the Edge 
A crypto trader known as “Gambler” has just suffered another crippling blow. He got liquidated on 282.8 BTC—worth approximately $30.65 million—and 8,282.8 ETH, valued at around $20.6 million. This style of trading involves shorting with extremely high leverage during price dips, only to be swept up in the next rally.
Gambler’s track record is staggering: 15 BTC liquidations and 8 ETH liquidations, totaling 23 liquidations. These recurring wipeouts underscore how quickly leveraged short positions can backfire.
When Mega‑Shorts Backfire
Gambler’s strategy centers on shorting major cryptocurrencies—betting that the price will fall. However, crypto markets are notoriously volatile and can reverse sharply. When prices surge, leveraged traders often face margin calls they can’t cover. With positions scaled in the hundreds of millions, Gambler’s account hasn’t had the buffer to survive during sharp rebounds.
Each liquidation isn’t just a financial loss—it’s a signpost of the battle between conviction and market volatility.
Gambler @qwatio just got liquidated for 282.8 $BTC($30.65M) and 8,282.8 $ETH($20.6M) again.
He always shorts with the highest leverage when the price falls, and then gets liquidated when the price soars.
He has been liquidated 15 times on $BTC and 8 times on $ETH!… pic.twitter.com/tpiVE3PiT8
— Lookonchain (@lookonchain) July 2, 2025
Lessons from the Gambler’s Playbook
Leverage cuts both ways. Big profits in downtrends—but massive losses on reversals.
Volatility is a double-edged sword. Crypto’s price spikes can obliterate leveraged shorts overnight.
Risk management matters. No amount of conviction can counter excessive leverage.
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