Two prominent crypto traders are experiencing substantial losses following recent market fluctuations. The first trader, known for shorting during a flash crash, initially faced a 24-hour unrealized loss of $22.43 million. However, as the market rebounded, the loss on their $670 million long position has narrowed to $12.97 million, with over 80% of this loss attributed to their $550 million Ethereum holdings. Despite the high margin of $129 million, the risk of liquidation remains low.
The second trader, referred to as "Maji Bro," incurred a 24-hour loss of $1.002 million. After being liquidated for $720,000, they added $200,000 in margin. Currently holding 3,875 ETH (approximately $12.06 million), they face an unrealized loss of $300,000. The liquidation price is set at $3,053.73, with a $58.97 buffer from the current mark price.
Major Crypto Traders Face Significant Losses Amid Market Volatility
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