The trader with nine consecutive wins suffers first defeat, closing over $1.78 million in losses on short positions

BlockBeats News, December 2, according to monitoring by Lookonchian, a trader who had made profits in 9 consecutive trades just "stopped out," closing a 40x leveraged short position of 500 BTC at a loss of over $1.78 million.

This trader had accumulated $2.12 million in profits from 9 consecutive winning trades, but lost over $1.78 million in this single short trade, nearly wiping out most of the previous gains.