WhaleWip

In a stunning display of emotional and high-leverage trading gone wrong, an Ethereum whale (wallet: 0xcddf) has lost more than 90% of his funds in just two days — turning $2.96 million into a mere $250,000. The dramatic collapse has caught the attention of on-chain analyst Yujin, who detailed the series of risky trades that led to this epic wipeout.

It all began on May 18, when the trader opened a massive short position against Ethereum — 41,851 ETH$ETH at $2,514, with a dangerous 25x leverage. With a liquidation price set at $2,525, there was almost no room for error. And error came swiftly — ETH rallied, his position got liquidated, and he lost $2.46 million in one shot. Ironically, ETH dropped shortly after he was forced out.

Still reeling, he immediately pivoted — this time going long on Bitcoin$BTC
. He placed a $17.6 million bet at $106,580 with 40x leverage. Again, the market turned against him. Within just 45 minutes, the position was wiped out, and his portfolio shrunk to $250K.

And yet, he tried again — shorting ETH$ETH
at $2,444 with 25x leverage. Traders online have dubbed this a "punching bag" strategy: constantly flipping sides, but always landing on the losing one.

This story is more than just another failed trade. It's a powerful reminder of how dangerous high-leverage and emotional decisions can be in crypto. The higher the leverage, the bigger the fall.

Takeaway:
Stick to your strategy, manage your risk, and never let losses push you into reckless moves.

Tags:
#CryptoTrading #LeverageTrading #BinanceNews #MastercardStablecoinCards #ETH #BTC #TradingMistakes #WhaleWip eout #CryptoRisk