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Coin Edition
2023-04-28 17:30:00

Bitcoin Trader Loses Nearly $567K Longing BTC/ETH to High Leverage

Bitcoin Trader Loses Nearly $567K Longing BTC/ETH to High Leverage

Renowned Bitcoin trader Andrew Kang lost nearly $567,000 in a single trading session after the exchange liquidated his BTC/ETH long positions. According to Lookonchain, a smart money on-chain analyst, Kang used up to 41x leverage on the trades, which users thought was excessive. A screenshot of Kang’s trading activities attached to Lookonchain’s tweet revealed three The post Bitcoin Trader Loses Nearly $567K Longing BTC/ETH to High Leverage appeared first on Coin Edition .

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