Well-known trader suffered a terrible loss of $20.73 million from shorting ETH after once having unrealized gains of $12.25 million before being fully liquidated.

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[Block Rhythm] On August 9, according to on-chain data analysts, a well-known trader, after being further liquidated this afternoon, did not continue with Margin Replenishment and closed all positions. This address incurred a loss of 20.73 million USD from shorting ETH.

According to reports, this address started shorting ETH on July 28 and had an unrealized profit of 12.25 million USD on August 3. However, ETH continued to rise, leading to continuous liquidation of his position and margin replenishment, totaling an expenditure of 20.98 million USD.

In the end, this address completely surrendered this afternoon, closing all positions with a remaining 250,000 USD.

ETH1.29%
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Web3ExplorerLinvip
· 08-09 07:16
bruh... the market's quantum mechanics just liquidated another brave soul
Reply0
SignatureDeniedvip
· 08-09 07:14
Just go all in and lose everything.
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SchrodingerWalletvip
· 08-09 07:13
Ouch, that looks painful...
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BlockchainBardvip
· 08-09 07:11
Another warrior has fallen.
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DoomCanistervip
· 08-09 07:11
Short positions have been directly blasted.
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