COINOTAG News, reporting on December 16, cites LookIntoChain monitoring to confirm that the referenced ‘buddy’ long position has been liquidated again, marking a tenth liquidation in the current cycle. Since the October 11 market crash, the trader has endured 200 liquidations, underscoring the risk embedded in leveraged crypto trading.

Total losses have surpassed $22.88 million, while the account balance now sits at $53,178. This outcome highlights how rapid margin calls and cascading liquidations can erode capital in the crypto market.

The episode reinforces the need for robust risk management among traders and risk officers, particularly when navigating high-volatility crypto derivatives and liquidity constraints that can amplify losses during downturns.