Whale's 40x Leverage High-Frequency Trading on BTC Results in $4.99 Million Loss in Nearly a Month

According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, a certain address has been trading BTC with 40x leverage over the past month, accumulating losses of approximately $4.99 million. During this period, a total of 50 trades were executed, with 20 being profitable, resulting in a win rate of about 40%.

Data shows that since February 18th, this address has been conducting both long and short operations with 40x leverage. The opening price and liquidation price typically differ by several hundred dollars, and in some cases, by less than $100. Its trading frequency is high, with no single position held for more than 24 hours.