The recent Bitcoin fall below $ 100.00 led to large losses of traders with a high credit shoulder. Some of them lost tens of millions, and some were able to quickly minimize losses.
During this collapse of the market, the 0x7E8B cryptocitis address was liquidated by 965 BTC ($ 97.5 million) and 12.024 ETH ($ 26.22 million), having lost more than $ 3.5 million as a result of compulsory closure. However, the trader immediately opened a long position on Bitcoin 40x, which currently shows $ 1.06 million unrealized profit.
User 0x51D9 was more successful in their trade, having $ 4.96 million losses in the previous six transactions. He perfectly calculated in time a 40-fold short position on bitcoin, closing it around the bottom and receiving more than $ 9 million profit. This deal not only covered the accumulated losses, but also brought him a huge profit.
A profitable short transaction illustrates how the credit shoulder can be used to profit by experienced traders. At the same time, his strip of failure emphasizes the complexity of the consistent profit of profit with the credit shoulder.
The most striking example was the case of Aguiatrades, which lost more than $ 35 million in just two weeks, despite the numerous opportunities to go into a plus. $ 39.18 million sent from Bybit to Hyperlique for trading unlimited contracts quickly turned into $ 4.09 million.
According to Lookonchain, on June 9, the unrealized profit of Aguilatrades reached a record maximum of $ 5.76 million, however, a decline in bitcoin, caused by US bombing, led to $ 12.47 million losses. The same thing happened when $ 10 million unrealized profits. turned into an realized loss of $ 2.95 million.
An example of Aguilatrades reflects common psychological errors in trade – the inability to fix profit, excessive credit shoulder and trading for the sake of revenge.
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Source: Cryptocurrency
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