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Whale Trader Suffers $43.4M+ Loss as BTC Surpasses $116,000
Gate News bot message, Bitcoin has climbed above $116,000, forcing a significant move from a prominent trader. Whale trader identified as 0xa523 executed a sale of 152 ETH, valued at $679,000, to supplement margin requirements and closed several BTC short positions at a loss.
The trader’s losses have accumulated to over $43.4 million within a single month, exceeding the losses recorded by traders AguilaTrades, qwatio, and JamesWynnReal, establishing a new record for the largest trading loss in this period.