An address engaged in small transactions with 40x leverage over the past month, resulting in a $4.99 million loss.

BlockBeats News, March 4th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a certain address prefers to use 40x leverage in trading, with a total loss of 4.99 million US dollars in the past month. Out of 50 trades, 20 were profitable, resulting in a win rate of 40%.

Starting from February 18th, this address has been trading BTC with 40x leverage, going both long and short. The difference between the opening price and the liquidation price is often only a few hundred dollars, sometimes even less than 100 dollars at the extreme. Most of the time, the address wins small but loses big, yet it continues to place high-frequency trades with a holding period of no more than 24 hours.