BTC Whale With 40x Leverage Nearing Liquidation After Five Losses; ETH Short Wipes Out $1.4M
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, November 6, cites on-chain analyst Yu Jin, who flags a high‑leverage trader nicknamed the Former 100% Win Rate Whale. The trader opened a BTC long with 40x leverage, deploying the last $570,000 after five losses, at $102,700, with a notional around $23.05 million and a liquidation threshold near $101,400.
Subsequently, the same participant shifted to ETH, taking a short stance and eroding the remaining funds—about $1.4 million—before withdrawing capital to amplify the position. The sequence underscores risk-taking amid volatile BTC and ETH trades.
On-chain signals underscore extreme leverage and rapid drawdown potential; readers should anchor decisions in disciplined risk management and diversified exposure, particularly in the current crypto market environment. This case highlights monitoring liquidation risk and capital adequacy in BTC and ETH strategies.