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Some lessons you only learn by nuking your account. We were watching this one guy short 50K ETH. His trading “success” story: May 23 — +$1.1M on a long June 5 — +$1.6M on a long Same day, June 5 — +$2.6M on a short Then he opened a 40K ETH short at $2,793. During the dip, he was up $25M. Didn’t sell. Exited at –$720K. But no, the man wasn’t done. Shorted 70K ETH at $3,618. Weekend dip to $3,400 — +$9M in unrealized profit. Didn’t take it. Now he’s staring liquidation in the face at $3,724. $259M short position. When that gets blown out, ETH will pump $30–$50 easy. RIP king, next trader please.
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Here he is, the very rider of the altseason. Run, fools!
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