Watching this take place, is basically how I've seen almost every leverage trader blow up over time. Well this one is a bit different. But the gist is that you get into a position, a losing one and you are never willing to let it go.

Eventually the market turns against you and you just keep adding collateral to this position until one day, you're entire account is gone

In this case he went from $0 on this account pnl to $88m to negative 14m (after continually selling other spot assets in his accounts to add collateral)

This was a bit different bc $BTC price really never changed. It's been in like a 2% range and this guy just kept trading poorly getting chopped to 0. He was super $loud on the timeline and yapped a lot which probably brought a lot of attention he didn't need. It's best to trade large positions quitely

He's still alive though. If I was him, I'd just take the L and live to see another day. take a step back and start over vs starting from 0

#TradingTypes101 #ElonMuskDOGEDeparture #BinanceAlphaAlert #TrumpTariffs #WriteToEarnWCT $BTC $WCT