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Hundreds of millions of ETH short positions liquidated in 15 hours, whales lost nearly $500,000 in one day
【BitPush】An interesting on-chain transaction story has been discovered through data tracking. A trader held a short position worth $106 million in ETH, originally intending to short the market, but unfortunately, they gave up after only 15 hours, ultimately closing the position with a loss of $479,000.
However, speaking of which, this trader’s operations in other cryptocurrencies are relatively prudent. Their long positions in BTC and SOL are currently in profit, which has kept the overall account loss within $49,000.
It seems that even experienced traders can sometimes get caught off guard when betting on a decline. Short-term market reversals tend to be faster and more intense than expected, which once again reminds us of the importance of risk management.