logo

After a winning streak of nine trades, the address made a costly mistake, with a $1.78 million profit evaporating and the principal losing $117,000. The address now holds a short position of over $30 million.

By: theblockbeats.news|2025/12/03 19:15:54
0
Share
copy

BlockBeats News, December 3rd, according to lookonchain monitoring, Trader 0xFC78, who had 9 consecutive wins, recently saw both of his latest trades end in losses — all of his previously accumulated profits of over 1.78 million USD evaporated, with an additional loss of 117,000 USD of his principal.

He now seems to be engaging in "revenge trading" with the following positions:

BTC: 30x leverage short, 200 BTC (17.5 million USD)
ETH: 20x leverage short, 5,000 ETH (15.26 million USD)

Liquidation Price:
BTC: 94,721.61 USD
ETH: 3,229.41 USD

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

Popular coins

Latest Crypto News

Read more