As expected… high leverage caught up with him😡 Trader 0x999b had a 25x short on #GOLD (around 5,758 contracts worth ~$25.4M), and after getting partially liquidated earlier, he’s now fully closed the position over the past 3 hours.

SO FINALLY End result = about a $434K loss.

WE THINK: It's a classic case of leverage working against you. Even if the direction isn’t completely wrong, with 25x there’s .... a small move the wrong way forces exits before the trade can play out.

No more position left… he’s completely out now.

Address: 0x999b1810e7b64a542ba248af0812f9bee431aa10

XAUUSDT

Perp

4,697.58

+0.14%