Worse yet, he's now $2.34 million underwater on principal.
Sometimes, the hardest trade is taking profit. From $4.25M Profit to Red Alert: This Trader Now Inches Toward Liquidation
Not long ago, wallet 0xcB92C5988b1D4f145a7B481690051F03EaD23a13 was sitting on a $4.25 million unrealized profit from a big $ETH short — confident that holding was the winning move.
Fast forward to now: #ETH is nearing his #liquidation price of $3,724.15, and all gains from his first three trades are gone.
