Bearish
Trader Who Made $49M Shorting Crypto Loses $24M on Ethereum in 12 Seconds
20.08.2026 08:48
A prominent crypto trader, who previously secured a massive $49 million profit by shorting the cryptocurrency market, has suffered a staggering $24 million loss on Ethereum (ETH) in a mere 12 seconds. The rapid liquidation highlights the extreme volatility and high-risk nature of leveraged trading in digital assets. This incident underscores how quickly market conditions can shift, even for seasoned investors, and serves as a stark reminder of the dangers of excessive leverage in the crypto space.
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