$2.96M Gone in 48 Hours — The Cost of High Leverage

A whale’s wild ride ends in disaster. From ETH shorts to BTC longs, not even $17M could save him from liquidation.

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Whale Wipeout: $2.96M → $250K in Just 48 Hours!

An Ethereum whale (wallet 0xcddf) just gave the crypto world a masterclass in what NOT to do.

On May 18, he opened a massive ETH short — 41,851 ETH at $2,514 using 25x leverage. Liquidation hit at $2,525, wiping $2.46M. Ironically, ETH dipped after he exited.

Chasing losses, he flipped bullish on BTC with a $17.6M long at $106,580 (40x leverage). It lasted just 45 minutes before full liquidation — down to $250K.

Final move? A desperate ETH short at $2,444 (25x). The market’s verdict: “Punching bag strategy” — always on the wrong side.

Takeaway:

High leverage can multiply your gains — but it magnifies your mistakes. Stay rational. Don’t trade on tilt.

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