Data: The "calm-headed trading king" suffered 31 consecutive liquidations of his short positions, resulting in a weekly loss of $15.3 million.
TL;DR
A trader known as 'Calm Opening King' faced 31 consecutive liquidations on BTC and SOL short positions, losing $2.78 million. Despite adding margin, his account dropped to $1.24 million with a weekly loss of $15.37 million.
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According to ChainCatcher, Coinbob's hot address monitoring shows that "Calm Opening King" opened another short position in ZEC in the past half hour and added to its short position in SOL to average down. Furthermore, affected by the continuous rise in BTC since early this morning, its BTC and SOL short positions were liquidated 31 times within hours, resulting in a total loss of $2.78 million. Even though the address deposited $440,000 in margin into Hyperliquid today, more than half of its positions were still liquidated, compared to yesterday.
BTC short positions: open interest: $41.72 million - $22.05 million; unrealized loss: $1.09 million (-194%); liquidation price: $89,900;
SOL Short Position: Position size: $30.89 million - $15.12 million; Unrealized loss: $1.18 million (-156%); Liquidation price: $142.
This trader turned a $3 million initial investment into over $30 million in two months. His previous accurate market predictions had garnered significant attention, but he recently suffered two large-scale liquidations, leaving his account with only $1.24 million and a weekly loss of $15.37 million.