According to on-chain analyst @ai_9684xtpa, Binance trader 'George' suffered heavy losses on ETH longs, reducing his profits by nearly 80% after closing a multi-million dollar leveraged position.
On September 23, on-chain analyst @ai_9684xtpa reported that Binance futures trader 'George' closed a $41.5 million ETH long position at a $3.54 million loss. The trader had opened the position on September 15 at an average entry price of $4,497 with a maximum size of 9,229.77 ETH. This loss erased nearly 80% of his prior profits, leaving him with $407,000 in remaining gains.