Nine-Time Winning Trader Suffers First Defeat, Closing Out Short Position with Over $1.78 Million in Losses

BlockBeats News, December 2nd, according to LookIntoChain monitoring, 9 consecutive profitable traders just "liquidated" their positions, suffering over $1.78 million in losses by closing a 40x leveraged 500 BTC short position.

In their 9 consecutive winning trades, they accumulated a profit of $2.12 million. However, this short position alone resulted in a loss of over $1.78 million, almost wiping out most of their previous gains.