đ¨ Massive Loss for Trader as Executive Order Shakes the Market
new U.S. presidential executive order signed by Donald Trump.
In a dramatic turn of events, a crypto trader identified as @qwatio suffered heavy financial losses after a sudden market spike following a new U.S. presidential executive order signed by Donald Trump.
According to insights from BlockBeatsâ on-chain analysis, the trader was forced to exit all short positions on Bitcoin held on a centralized exchange, resulting in a staggering loss of $2.51 million.
Undeterred, the trader then moved $475,000 to the decentralized platform GMX, setting up a high-stakes short on Ethereum. The ETH position was opened at an average price of $3,809, carrying a massive nominal value of $26.36 million â dangerously close to a liquidation threshold of $3,854.
This incident highlights just how fast market sentiment can shift â especially when politics and crypto collide. A single executive decision can ripple across markets, catching even seasoned traders off guard.
Risk management isnât optional â itâs survival.
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