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A Whale Trader with 40x Long Position on BTC, Margin Called Three Times in Half an Hour, Profits of $4M Turned into Loss of $238K
BlockBeats News, October 30th, according to lookonchain monitoring, due to the market downturn, trader 0xf35a6 went long on BTC, TRUMP, and ENA with full leverage, and was liquidated three times within just 30 minutes, with his Bitcoin leverage reaching as high as 40x.
His account went from over $4 million in profit to a loss of $238,000.
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