Attention ‼️‼️ Attention ‼️ Attention ‼️‼️ Attention ‼️ Whale Loses $2.96M in 48 Hours – A Harsh Lesson in Leverage Trading

An Ethereum whale (wallet: 0xcddf) just lost over 90% of his $2.96M in only two days due to high-risk, emotional trading.

May 18: He opened a massive short on $ETH (41,851 ETH at $2,514) with 25x leverage. $ETH went up slightly, hitting his liquidation at $2,525, wiping $2.46M instantly.

Ironically, ETH dropped after he got liquidated.

Desperate, he went long on $BTC — $17.6M at $106,580 with 40x leverage. dipped, and within 45 minutes, he was liquidated again. Balance: $250K.

Still not done, he shorted ETH again at $2,444 with 25x — but by now, traders called it the "punching bag" strategy: always wrong, always emotional.

Takeaway:

High leverage is dangerous. Don’t let emotions rule your trades. Know your limits, and protect your capital.

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