💥 Leverage Gone Wrong: Ethereum Whale Loses $2.96M in Just 48 Hours
A massive Ethereum whale just gave the crypto world a painful lesson in high-leverage trading — turning nearly $3 million into $250,000 in just two days.
On-chain analyst Yujin broke down the reckless moves that led to this dramatic collapse. Here’s how it unfolded:
⚠️ The First Mistake: Shorting Ethereum
On May 18, the trader opened a massive short position against ETH
41,851 ETH at $2,514 with 25x leverage
Liquidation price? $2,525 — an ultra-tight window
ETH ticked up… and boom — the position was liquidated, wiping out $2.46 million instantly
Ironically, ETH dropped shortly after, but the damage was already done
🤯 Doubling Down with Bitcoin — and Losing Again
Still reeling, the trader flipped directions
Went long on BTC at $106,580 with 40x leverage, risking $17.6 million
Within 45 minutes, the market dipped
The position was completely wiped out — leaving him with just $250K
🌀 The Final Blow: Shorting Again
Desperate, he tried once more — shorting ETH at $2,444 with 25x leverage
But again, the market didn’t move in his favor
Online traders have dubbed his approach the "punching bag strategy" — getting hit from both sides of the trade
📉 The Real Lesson Here
This isn’t just another unlucky trade — it’s a clear example of how emotional decisions and extreme leverage can destroy even the largest portfolios.
👉 Key Takeaways:
Stick to your strategy
Control your leverage
Don’t chase losses with emotion
And most importantly — never forget that in crypto, discipline is more powerful than prediction
Stay smart. Trade wisely.