💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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A well-known trader closed all positions of $1.2 billion BTC long positions within 47 minutes, with a single loss of $13.39 million.
On-chain monitoring shows that a well-known trader has liquidated all of their Bitcoin long positions, realizing a loss of approximately $13.39 million. This process began at 6:40 on May 25 and was completely finished by 7:27, liquidating a position worth $1.2 billion in just 47 minutes.
The trader's opening position average price is $108,921, while the closing average price is $107,746, resulting in a significant single loss. However, considering the trader's recent multiple Bitcoin trading records, this trader still made a profit of about $8.45 million in this round of overall trading.
This event again highlights the high volatility of the cryptocurrency market and the impact that large-scale trades can have on the market. At the same time, it reminds investors of the need to manage risks carefully, as even experienced traders can suffer significant losses.
Nevertheless, from a longer-term perspective, the trader still remains profitable, indicating the importance of reasonable risk management and long-term strategies in the cryptocurrency market. This event will undoubtedly trigger further discussions and analysis among market participants regarding the current Bitcoin price trends and future directions.