New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
#BTC #ETH This situation highlights the high-risk nature of leveraged trading, especially when it involves frequent rollovers and directional shifts between assets like ETH and BTC. The whale's strategy of repeatedly shorting ETH while switching to long BTC positions appears to have backfired, resulting in a dramatic capital drawdown from $2.96 million to just $250,000 in two days.
Such aggressive trading behavior, including rolling over short positions 25 times, suggests either overconfidence or a miscalculated strategy. The narrowing liquidation range—from $2,480 to $2,453—also indicates increasing risk exposure with each position. This serves as a cautionary tale for traders: even with large capital, poor timing and excessive leverage can lead to significant losses in a very short period.