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New Trader Loses $75,000 in 40x BTC Short Position

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A new trader (0xa445a) opened a 40x BTC short position of 125.92 BTC ($11.57 million) at $91,316.30 on January 13, suffering a $75,000 loss. This was their first foray into position trading, starting on January 9. The large position sizing amplified the risk, leading to significant floating losses as prices moved against the bet.

BlockBeats News, January 13, according to... Hyperinsight Monitoring: A new trader (0xa445a) has entered the market with 40x leverage to short 125.92 BTC (approximately $11.57 million USD), with an average entry price of $91,316.3. The position is currently floating at a loss of $75,000 USD.


Previously, the address first initiated contract transactions on January 9th.

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