PANews reported on December 3 that, according to Lookonchain monitoring, trader 0xFC78, who had previously maintained a 9-game winning streak, has now lost two consecutive trades – not only giving back all of his profits of over $1.78 million, but also incurring a further loss of $117,000 in principal. He appears to be engaging in retaliatory trading, having opened: a 30x leveraged short position of 200 BTC (worth $18.75 million); and a 20x leveraged short position of 5,000 ETH (worth $15.26 million). Liquidation prices: BTC $94,721.61, ETH $3,229.41.PANews reported on December 3 that, according to Lookonchain monitoring, trader 0xFC78, who had previously maintained a 9-game winning streak, has now lost two consecutive trades – not only giving back all of his profits of over $1.78 million, but also incurring a further loss of $117,000 in principal. He appears to be engaging in retaliatory trading, having opened: a 30x leveraged short position of 200 BTC (worth $18.75 million); and a 20x leveraged short position of 5,000 ETH (worth $15.26 million). Liquidation prices: BTC $94,721.61, ETH $3,229.41.
A trader who had maintained a nine-game winning streak has given back over $1.78 million in profits and lost $117,000 of his principal.
PANews reported on December 3 that, according to Lookonchain monitoring, trader 0xFC78, who had previously maintained a 9-game winning streak, has now lost two consecutive trades – not only giving back all of his profits of over $1.78 million, but also incurring a further loss of $117,000 in principal.
He appears to be engaging in retaliatory trading, having opened: a 30x leveraged short position of 200 BTC (worth $18.75 million); and a 20x leveraged short position of 5,000 ETH (worth $15.26 million). Liquidation prices: BTC $94,721.61, ETH $3,229.41.
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