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<p>This is the classic result of “technical chart” brainrot.

“If ETH falls below $1700 it’s going to $900” type of shit. Someone managed to short $85 million of ETH right around there and hold the position for over two months while it climbed.

I’m less shocked by the $9.8M unrealized loss and more impressed that a person this bad at reading the market, or anything at all, was able to command that much capital in the 1st place. That’s a miracle by itself.

But in this “trading is glorious” world, especially the one turbo-charged by recent crypto culture, this kind of thing is actually pretty common.
@arkham</p>

This is the classic result of “technical chart” brainrot.
“If ETH falls below $1700 it’s going to $900” type of shit. Someone managed to short $85 million of ETH right around there and hold the position for over two months while it climbed.
I’m less shocked by the $9.8M unrealized loss and more impressed that a person this bad at reading the market, or anything at all, was able to command that much capital in the 1st place. That’s a miracle by itself.
But in this “trading is glorious” world, esp

This is the classic result of “technical chart” brainrot. “If ETH falls below $1700 it’s going to $900” type of shit. Someone managed to short $85 million of ETH right around there and hold the position for over two months while it climbed. I’m less shocked by the $9.8M unrealized loss and more impressed that a person this bad at reading the market, or anything at all, was able to command that much capital in the 1st place. That’s a miracle by itself. But in this “trading is glorious” world, especially the one turbo-charged by recent crypto culture, this kind of thing is actually pretty common. @arkham

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