📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
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Famous trader bets on BTC pump three times, accumulating a loss of 29.1 million USD.
According to the latest monitoring data, a well-known trader has continuously bet on the rise of Bitcoin three times, but all ended in failure, with a total loss of up to $29.1 million.
The trader established a long position of approximately $434 million in their initial operation. However, Bitcoin subsequently experienced a pullback of over $4,000, forcing them to close the position and resulting in a loss of $12.48 million.
The unwilling trader tried again, opening a long position of $420 million. Unfortunately, the market trend was still not as expected, with Bitcoin dropping again by over $4000. This operation ultimately resulted in a loss of $2.94 million.
Despite experiencing two failures, this trader has not given up and opened a long position of $424 million for the third time. However, the price of Bitcoin has once again dropped by more than $4,000. As of now, this trader has not completely closed the position but is already facing an unrealized loss of about $13.68 million.
This series of transactions clearly demonstrates the high-risk characteristics of the cryptocurrency market, where even experienced traders can suffer significant losses. It serves as a reminder for investors to approach market volatility with caution and emphasizes the importance of risk management.