After losing $175,000 on the "40 times leverage on BTC long positions", the trader opens a 25 times ETH long position

Foresight News reports that according to Yu Ye's monitoring, the BTC position opened by the trader who used "40 times leverage on BTC long positions" was only maintained for 45 minutes, as the BTC price retraced by hundreds of dollars, leading to a stop loss and a loss of $175,000. Their $2.96 million in funds was reduced to only $250,000 in 2 days. Subsequently, the trader used the remaining $250,000 to open a long position of 2,636 ETH at a price of $2,444 with 25 times leverage, with a liquidation price of $2,480.