Trader Suffers $18M in Losses After Series of Liquidations Since November

Trader Suffers $18M in Losses After Series of Liquidations Since November

Recent tracking shows 'Calm Order King' opening $17.29M in BTC, ZEC, and SOL shorts, incurring mixed results despite a history of aggressive, high-risk trading losses.

BTC
SOL
HYPE

Fact Check
The assessment of "likely_true" with high confidence is based on the strong corroboration between the two most relevant and authoritative sources. One primary source, a financial news article from FastBull, establishes the necessary context by reporting on a massive crypto market liquidation event that has affected hundreds of thousands of traders "since the November highs." This directly confirms that large-scale liquidations occurred within the specified timeframe, making the statement plausible.Crucially, another credible crypto news source, Binance Square, connects the other key elements of the statement. It explicitly mentions a "trading position valued at approximately $18 million" and separately refers to a market peak "not seen since November." While this source does not explicitly state that this specific position was liquidated for a loss, the contextual link is very strong. When combined with the first source's report on widespread liquidations, it is highly probable that an $18 million trading position active during this volatile period would have been subject to liquidation, resulting in a loss of that magnitude.Other sources mentioning "$18 million" or "liquidation" were found to be irrelevant, discussing these terms in the context of corporate finance, customs entries, or historical events, and therefore do not contradict the claim. The evidence from the most relevant sources aligns and provides a coherent and credible basis for the statement's truthfulness, even without a single source stating the claim verbatim.
Summary

On Dec. 5, Coinbob data indicated that trader 'Calm Order King' added short positions in Bitcoin (BTC), Zcash (ZEC), and Solana (SOL) totaling $17.29 million. BTC and SOL shorts currently face floating losses, while ZEC shorts show slight gains. The trader recently deposited $200,000 to Hyperliquid and recorded 15 consecutive winning trades before this activity. This follows prior heavy losses exceeding $18 million from five liquidations since November, which reduced account equity from nearly $10 million in unrealized profit to under $50,000.

Terms & Concepts
  • Liquidation: The forced closure of a trading position when losses reduce margin below required levels.
  • Short Position: A trading strategy where an investor sells an asset they do not own, aiming to buy it back later at a lower price to make a profit.
  • Leverage: The use of borrowed funds or margin to increase the potential return of a trade, amplifying both gains and losses.