A whale trader who won 10 consecutive trades and accumulated $6.32 million in profit suffered a massive setback after closing an Ethereum long position for a $10.5 million loss, wiping out all prior gains and leaving the account down $4.17 million overall.
Undeterred by the drawdown, the trader immediately opened a new leveraged position: a 10x long on 383,265 SOL tokens valued at approximately $26.97 million. The aggressive re-entry highlights the high-risk nature of leveraged crypto trading, where a single adverse move can erase weeks of profitable execution.
Whale Loses $10.5M on ETH Long, Wiping Out $6.32M Profit Streak Before Opening $27M Leveraged SOL Bet
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