menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

This Trade...
source image

Cryptopotato

1w

read

339

img
dot

Image Credit: Cryptopotato

This Trader Was Liquidated 8 Times in a Week, Losing Millions

  • A trader operating as 'qwatio' faced significant losses, with 8,000 ETH and 280 BTC partially liquidated in a week, totaling millions of dollars.
  • The trader's high-risk, high-leverage positions on Hyperliquid led to substantial profits but also liquidations, prompting the platform to cap ETH leverage at x25 to prevent further losses.
  • Despite recovering from previous losses and making significant profits in different wallets, the trader faced a series of six liquidations within days, resulting in a total loss of around $10 million.
  • This trader's risky trading behavior mirrors that of another high-stakes player, James Wynn, who also experienced substantial gains followed by significant losses in a short period.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app