Chasing highs and selling lows, the whale was driven to collapse by the up-and-down pinning, with high leverage operations leading to a drastic decrease in funds from 3 million to only 260,000 U within 2 days.
On Hyperliquid, a whale's reckless operation stood out, and many people lost money similarly!
Here are his operations:
Battle 1: 25x short on ETH, with a position value of 100 million. As a result, ETH kept rising, like a spark with lightning. The whale kept cutting losses, ending up with a loss of 2.46 million in this battle!
Battle 2: BTC surged to a recent high in the morning, and the whale went all-in with over 40x on BTC with the remaining funds. Unfortunately, after reaching a peak, BTC turned sharply down, and seeing the downward trend not stopping, the whale closed the long position at a loss, losing another 175,000 after holding for 45 minutes.
Battle 3: Not backing down! The whale switched to 25x short on ETH, with an opening price of 2442, currently quoting 2443, showing an unrealized profit of 20,000 U!
Comment 1: The brother's operations are getting reckless, even the whale is getting wrecked;
Comment 2: I feel like I see my own operations reflected in this;
Comment 3: Why is it BTC when going long and ETH when going short?