He didn’t back off, he doubled down 😅 trader 0x5c26 is still pressing the short on $CHIP , and now the position has grown to 34.5M CHIP (~$4.63M–$4.75M). the problem is, price kept pushing against him...entry is around $0.0849, while it’s trading near $0.134, leaving him with a ~$1.70M+ unrealized loss (over -110%) on this leg alone. liquidation is sitting up at ~$0.217, so there’s still room, but the pressure is clearly building.
and it’s not just #chip … he’s also holding a 1,500 contract short on xyz:SP500 (~$10.65M) with entry around $7,067, currently slightly underwater by about $54K.
Digging out, the whole account is basically 100% short exposure (~$15.29M total positions) and already down roughly $1.75M overall.
address:
0x5c26dfc723e7a1da7b6c3bd5cbd72716d09425c2
and it’s not just #chip … he’s also holding a 1,500 contract short on xyz:SP500 (~$10.65M) with entry around $7,067, currently slightly underwater by about $54K.
Digging out, the whole account is basically 100% short exposure (~$15.29M total positions) and already down roughly $1.75M overall.
address:
0x5c26dfc723e7a1da7b6c3bd5cbd72716d09425c2