Binance Data Reveals $1.37M Loss for Smart Money Trader Hanmancheol
Blockchain data shows Hanmancheol closing tens of thousands of AIA tokens before disabling live trading, reflecting ongoing high-risk leveraged strategy pressures.
Summary
On November 7, blockchain analyst @ai_9684xtpa reported Binance trader Hanmancheol closed 38,472 AIA between 20:55 and 21:20 before disabling live trading, with a liquidation price of $17.16 and a recent peak at $20.61. This update follows prior data showing him holding a 39,164 AIA 3x leveraged short with floating losses near $447,000, part of cumulative losses exceeding $1.37 million from AIA and COAI shorts.
Terms & Concepts
- Short Position: A trading strategy where an investor sells an asset they do not own, hoping to buy it back later at a lower price.
- Liquidation: The forced closure of a trader's position by an exchange when losses exceed the margin put up.
- Binance: A major global cryptocurrency exchange offering trading in digital assets and derivatives.