A high-stakes gamble in the crypto market just went horribly wrong…
🚨 What Happened?
On-chain data shows a whale starting with wallet 0xcddf saw their capital crash from $2.96M to just $250K — a brutal 90% loss in only two days!
• Opened a massive short on 41,851 ETH
• Used 25x leverage with a $103M position
• Entry: ~$2,514 | Liquidation: ~$2,525
• ETH rallied — and the whale got liquidated instantly
🔁 Instead of exiting, they doubled down on more trades... but every move backfired.
💬 Crypto Community Reacts:
Traders are calling it a textbook case of “what NOT to do” in high-leverage markets. The key mistake? Overconfidence + no risk buffer = disaster.
⚠️ Lesson Learned:
Leverage can multiply gains — but also destroy portfolios overnight. Even whales aren’t safe from bad trades.
✅ Stay smart. Manage risk. Don’t let greed
blind your strategy.