Time to buy?
Where price list can I buy BNB?
Bit_Guru
--
High-Leverage Wipeout: Whale Turns $2.96M into $250K in Just 48 Hours!
In a dramatic showcase of the dangers of emotional and high-leverage trading, an Ethereum whale starting with wallet address 0xcddf just suffered one of the biggest wipeouts in recent memory — losing over 90% of his capital in just two days. According to on-chain sleuth Yujin, this trader’s capital plummeted from $2.96 million to a mere $250,000, as a string of aggressive leveraged trades all backfired spectacularly.
It began on May 18, when he opened a massive ETH short — 41,851 ETH at $2,514 using 25x leverage. With a narrow liquidation price of $2,525, the risk was sky-high. Unfortunately for him, ETH started surging, triggering stop-losses and liquidating his position — costing him $2.46 million in a single blow. But the irony? ETH dropped right after he exited.
Desperate to recover, he then flipped bullish on BTC, opening a $17.6M long at $106,580 with 40x leverage. But again, BTC moved against him. Within just 45 minutes, the trade was liquidated, slashing his funds down to $250,000.
Still undeterred, he dove back into the market with one final move: a new short on ETH at $2,444 with — you guessed it — 25x leverage. The market dubbed this a “punching bag” strategy: switching sides every time, but always being on the wrong end.
This story is more than just shocking — it’s a wake-up call for traders everywhere. High leverage magnifies not just your gains, but your mistakes. And in volatile crypto markets, emotional trading can be your downfall.
Lesson of the Day:
Respect risk. Stay rational. And never let losses chase you into deeper ones.
#CryptoTrading #MastercardStablecoinCards #BinanceNews #LeverageTrading
It began on May 18, when he opened a massive ETH short — 41,851 ETH at $2,514 using 25x leverage. With a narrow liquidation price of $2,525, the risk was sky-high. Unfortunately for him, ETH started surging, triggering stop-losses and liquidating his position — costing him $2.46 million in a single blow. But the irony? ETH dropped right after he exited.
Desperate to recover, he then flipped bullish on BTC, opening a $17.6M long at $106,580 with 40x leverage. But again, BTC moved against him. Within just 45 minutes, the trade was liquidated, slashing his funds down to $250,000.
Still undeterred, he dove back into the market with one final move: a new short on ETH at $2,444 with — you guessed it — 25x leverage. The market dubbed this a “punching bag” strategy: switching sides every time, but always being on the wrong end.
This story is more than just shocking — it’s a wake-up call for traders everywhere. High leverage magnifies not just your gains, but your mistakes. And in volatile crypto markets, emotional trading can be your downfall.
Lesson of the Day:
Respect risk. Stay rational. And never let losses chase you into deeper ones.
#CryptoTrading #MastercardStablecoinCards #BinanceNews #LeverageTrading
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
650.56
+0.07%