Gambler’s Crypto Liquidation Triggers $50M Loss
Gambler faced repeated liquidations: $12.5M lost in one week, $50M in a single hit on BTC & ETH. Learn the new liquidation prices.
- High-stakes margins led to eight liquidations in a week
- Massive $50M trigger from BTC and ETH positions
- Highlighted risks of extreme leverage in crypto trading
Repeated Margin Blowouts at $12.5M
Gambler (@qwatio) suffered eight separate liquidations within a single week, which collectively wiped out approximately $12.5M. This series of losses underscores the dangers of excessive leverage in volatile crypto markets. The frequency of these margin calls suggests aggressive positioning—trading with substantial borrowed capital—while consistently moving against Gambler’s forecast.
The $50M Margin Trigger
In a dramatic turn, just about an hour ago, Gambler was partially liquidated on positions totaling a staggering $50.51M:
These positions were hit as the market wiped out critical margin thresholds, leading to a forced unwinding of assets. This latest hit wasn’t just a record—they also updated their liquidation prices to guard against further exposure:
- BTC liquidation price: $109,170.58
- ETH liquidation price: $2,534.38
These thresholds provide a window into the high-risk tolerance of Gambler’s strategy, and serve as stark reminders of the fragility of leveraged crypto trades.
The Leverage Warning
Gambler’s repeated blows serve as a cautionary tale for other traders. Margin trading can amplify gains, but it can also dramatically increase losses—especially in crypto’s notorious three-digit volatility swings. Even when traders believe in a bullish or bearish trend, shifts of a few percentage points can trigger significant capital losses or forced liquidations.
Key lessons include:
- Set sensible leverage levels to avoid catastrophic blows
- Use stop-losses and hedges to protect positions
- Understand liquidation triggers and maintain buffer capital
While high leverage may offer a shortcut to outsized returns, Gambler’s ordeal highlights how quickly positions can implode—leading from aggressive profit hunting to substantial capital erosion.
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