<ul data-eligibleForWebStory="true"><li>A trader faced significant losses of $12.5 million over a week due to multiple liquidations on high-stakes crypto bets.</li><li>The trader's losses were incurred through liquidations on leveraged positions in Ethereum and Bitcoin, with new liquidation levels set dangerously close to current prices.</li><li>Another trader, James Wynn, engaged in a 40x short on Bitcoin but reversed to a long position when Bitcoin prices dropped. Wynn has a history of high-risk trades with substantial losses.</li><li>While some traders faced losses, an unknown trader managed to turn an initial $6,800 investment into $1.5 million by providing liquidity on a major exchange, showcasing the volatility and potential gains in the crypto market.</li></ul>

Trader Loses $12.5M in a Week While High-Stakes Crypto Bets Backfire

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