Bitcoin Trader 0xFC78’s Revenge Trading Wipes Out $1.78M Profits as 200 BTC and 5,000 ETH Short Bets
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News, citing Lookonchain monitoring, notes that trader 0xFC78—who had a streak of nine consecutive wins—recently faced losses on his latest trades. The unwind has wiped out more than $1.78 million in accumulated profits and erased roughly $117,000 of principal.
According to the report, the current setup centers on leveraged BTC and ETH shorts: BTC at 30x with 200 BTC (~ $17.5 million notional) and ETH at 20x with 5,000 ETH (~ $15.26 million notional).
Reported liquidation references show a BTC price of $94,721.61 and an ETH price of $3,229.41, underscoring elevated near-term risk from margin calls. The setup has drawn scrutiny as potential revenge trading activity.
For risk-aware readers, ongoing attention to leverage, margin health, and data from sources like Lookonchain can illuminate trader exposure amid ongoing crypto market volatility.