How dangerous is high leverage trading? Just look at this guy's operations and you'll understand.

The final outcome for this guy: On the 17th, he invested 2.96 million USDC into Hyperliquid, and after closing his position 3 hours ago, he only withdrew 172,000 USDC. In 2 days, he lost $2.788 million through 3 high leverage trades.

The guy's money-losing operations:

1. On the 17th, he transferred 2.96 million USDC into Hyperliquid and then shorted 41,851 ETH with 25x leverage, with a position value of $103 million.

Subsequently, ETH kept rising, and his position kept hitting stop losses. Ultimately, this morning, he liquidated all his ETH shorts, losing $2.46 million.

2. After closing his ETH short, he immediately turned around and chased BTC long with the remaining funds. He went long on 166 BTC with 40x leverage, with a position value of $17.6 million.

Then BTC also started to pull back, and his 40x long BTC position only lasted 45 minutes before ending with a loss of $175,000.

3. After the BTC long took a hit, this guy turned back to ETH shorts, shorting 2,636 ETH at a price of $2,444 with 25x leverage.

This time, the guy actually made a good bet, as ETH subsequently declined by $100. However, he had his own risky maneuvers: he started using unrealized gains to add to his short, which caused the liquidation price to move down, making his position increasingly dangerous. As a result, when ETH slightly rebounded to $2,410, his position hit the stop loss.

4. In the end, this guy withdrew the remaining value of 172,000 USDC from Hyperliquid, losing $2.788 million and admitting defeat.

Address 👉: 0xcddf90930aa49231d55538f8f2dac97a562e5f6b