Short-term traders suffer losses of over 8.4 million, continuously increasing leverage to go long on BTC and FET

【Blockchain Rhythm】A short-term trader’s recent trading performance has been quite dramatic. On the afternoon of January 12, the trader with the address 0x8d0E3 closed a long position in FARTCOIN at 16:30, with a stop loss of $103,000. However, after the stop loss, instead of exercising caution, they continued to leverage and position themselves.

Currently, this address holds 100.9 BTC with 20x leverage, with an unrealized profit of $63,000; at the same time, they are long 7,500,215 FET with 5x leverage, but with an unrealized loss of $86,000. Although the positions are in different directions, both are betting on market movements.

What is even more noteworthy is this trader’s overall performance. Their holding periods are generally very short, ranging from a few minutes of ultra-short-term trading to a few days of short-term trading. This high-frequency trading strategy has not yielded profits—just in the past month, they lost $1,766,700, with total losses over the entire trading cycle reaching $8,429,300. It seems that the risks of short-term trading are indeed not to be underestimated.