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Single transaction wipes out $4.96 million in profits; a trader's ETH short position and BTC long position have unrealized losses exceeding $5.5 million

2026-07-02 01:55

Odaily reports, according to Lookonchain monitoring, a trader's ETH short position and BTC long position currently have unrealized losses exceeding $5.5 million. Over the past month, the trader completed over 100 trades with a win rate of 90%, earning $4.96 million in profit, but this single trade has erased all of those gains.