Gambler Bitcoin and Altcoin Investor Liquidated Again: Position Worth 334 Million Exploded!

The famous whale known as "Gambler" in the crypto world suffered a record loss of 334 million dollars due to the liquidation of massive short positions he opened in just three hours.

According to information shared by Lookonchain, the trader nicknamed Gambler, who recently opened large positions against the rise of the crypto market, faced a massive liquidation wave. In the liquidations that occurred within just 3 hours; 1,743 Bitcoin (BTC) worth 211 million dollars, 33,743 Ethereum (ETH) worth 102.3 million dollars, and 15 million FARTCOIN worth 20.6 million dollars evaporated in seconds.

After this severe liquidation, the total loss amount in Gambler’s (0x916E) wallet rose to 25.84 million dollars. More strikingly, despite this significant loss, the whale continued to take risks by opening large short positions for the second time. However, this second attempt also ended in disappointment, and Gambler lost an additional 458 BTC (55 million dollars), 12,147 ETH (36.55 million dollars), and 5.4 million FARTCOIN (7.33 million dollars). Within two days, the total loss has reached 22 million dollars.

The Crypto World is Talking About These Losses!

The significant losses Gambler experienced have become the talk of the crypto community. The massive liquidations the famous whale faced twice in a short period have once again demonstrated how fast and ruthless the market can be. Experts state that such large risks serve as a serious warning for investors.