When "BUYING HIGH" Becomes a Furnace: One Trader’s $3.2M Lesson

Trader 0xa43d, who sprinted straight into the fire. About 14 hours ago, he opened a massive $ETH long right at the summit, as if the chart had promised him the moon.

But ETH had other plans. The moment he entered, the market turned cold.

Four hours ago, the pressure finally broke him. He cut part of the position… and walked away with a $583.5K realized burn.

But the real weight is still sitting on his shoulders.

He’s still holding a 11,793.2321 #ETH long, roughly $37.7M and it’s bleeding. The current unrealized loss alone? Over $2.4 million ( at the time we write this post for Binance community).

His reality right now: Avg entry: $3,411.3, Leverage use : 7x, Liquidation price: $2,929.60

Address: 0xa43d75213160aff6db3b9761dd5ac4fb4fa57d28

One bad entry. One over-levered bet.

One reminder that "BUYING HIGH" is the most expensive trading strategy in crypto.