Famous trader bets on BTC pump three times, accumulating a loss of 29.1 million USD.

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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.

BTC1.74%
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MaticHoleFillervip
· 07-22 01:31
Loss reaching new heights, bull!
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WhaleWatchervip
· 07-20 15:18
This is just a sucker, and a big one at that.
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