2026-01-08 01:22:17

A Major Liquidation Play Unfolds

Trader 0xFB7 made a bold bet this morning—longing $350M worth of BTC on 10x leverage. But the move didn't go as planned. Less than an hour after completing the position, panic set in. The trader hastily closed out $268M of that long, crystallizing a painful $3M loss in the process.

Here's where it gets interesting: $82M of BTC remains on the books, sitting on roughly 2.5x leverage. That's still substantial exposure to handle. With the initial trade already underwater, the question now is whether this trader can hold steady or if we're about to witness another unwinding cascade in the spot market.

When positions this size move, everyone watches. The volatility ripples across exchanges in minutes.

BTC-0,03%

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gm_or_ngmi

· 10h ago

Run at 3.5 meters? This guy's mentality has collapsed... There's still a single order of 82 million left, and that's the real test.

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Ramen_Until_Rich

· 01-09 18:59

350M ran in with 10x leverage? In just an hour, it shrank to only 82M... This mentality is really hard to hold, losing 3 million and still wanting to turn it around?

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fomo_fighter

· 01-08 03:41

10x leverage loses 3 million in one hour? Typical greed causing trouble. Still have 82 million left to hold on... This time, either a hero saving the beauty or we all go down together.

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LiquidationAlert

· 01-08 01:52

350M a quick move, and then admit defeat losing three million... This is the charm of 10x leverage.

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GovernancePretender

· 01-08 01:46

Haha, this guy is really something. Went all in with 350M, chickened out after an hour, and damn lost 3 million...

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Web3ExplorerLin

· 01-08 01:46

hypothesis: this is what happens when leverage becomes a philosophical construct rather than a risk management tool. the trader essentially performed a real-time deconstruction of their own conviction—fascinating from a game theory perspective, really. $82M remaining feels like they're bridging between capitulation and hope, which... is basically crypto in a nutshell, ngl

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LuckyHashValue

· 01-08 01:36

350M was cut within an hour, losing 268M. How frustrated must that mindset be... The remaining 82M is still stuck at 2.5x. I bet this guy won't be able to sleep tonight.

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BackrowObserver

· 01-08 01:33

Ha, it's the same old trick. I'm tired of the big players getting liquidated by leverage. Losing three million just like that, it's unbelievable.

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OnchainArchaeologist

· 01-08 01:28

Oh no, another story of a 10x leverage dream shattered... Investing 350M and losing 3M in just an hour, how shattered must that mindset be?

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