Markets· ★★· neutral·

Whale's $32.7M ETH short fully liquidated with $1.11M loss in two days

  • —Short of 13,830 ETH opened at $2,366 with maximum leverage
  • —First liquidation: 2,765 ETH (~$6.66M) as ETH hit $2,409
  • —Trader added to the short at $2,387 instead of using a stop-loss
  • —Only ~$140K left of $1.25M principal; total loss $1.11M
Why it matters: The case highlights how maximum leverage on volatile ETH can erase an entire position on a modest rebound.
Source: PANews