A Binance live futures trading account known as "Jiujiujin" topped the loss rankings over the past 24 hours, seven days, and 30 days, according to on-chain analyst Ai Yi in a post on X cited by Odaily. The account had previously held a 250 BTC short position with an average entry price of $63,592. It closed the position at 08:15 this morning at an average exit price of $77,758.91, resulting in a $3.46 million loss. The account also outlined two mistakes in a public post: it had bought spot holdings at $58,000, sold them at $64,000, and then missed the subsequent move higher; it also said it should not have placed short orders when conditions were unsuitable for chasing downside and failed to set a reasonable stop-loss level.
A Binance live futures trading account known as "Jiujiujin" ranked first on the loss leaderboard over the past 24 hours, seven days, and 30 days, according to on-chain analyst Ai Yi in a post on X cited by Odaily.
The account had previously held a 250 BTC short position with an average entry price of $63,592. It closed the trade at 08:15 this morning at an average price of $77,758.91, booking a loss of $3.46 million.
In a public post, "Jiujiujin" cited two mistakes. The account said it had bought spot BTC at $58,000 and sold at $64,000, missing the move that followed. It also said it should not have placed orders to chase a short position when conditions were unsuitable, and that it failed to set a reasonable stop-loss price.
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