🔥 The market is rising… and the “insider” pays dearly for betting against it 😎📉
Today, while $BTC surpassed $109,000 and $ETH reached $2,600, bearish traders were the big losers. But one in particular took the hardest hit: an investor nicknamed the “veteran insider” suffered a series of 8 consecutive liquidations in leveraged short positions. $XRP
📉 Key data from the disaster:
- Short position in #bitcoin : 237 BTC leveraged 40x, entry at $106,697, liquidation at $111,040
- Short position in #ETH : 6.948 ETH leveraged 25x, entry at $2,452, liquidation at $2,646
- Initial deposit: $16.28M, now reduced to $1.2M
- Total loss: $15.08M on this trade
- Previous gains: $26M in other directions, but the net balance collapsed
This trader, who was previously seen as an institutional reference, got caught in the technical rally that broke key resistances. Their mistake: betting against the momentum, just when passive flows and ETFs were pushing the market upward.
💥 When the market decides to rise, not even insiders can hide. 😎📊⚔️