The trader with nine consecutive wins has suffered their first defeat, closing a position with a loss exceeding $1.78 million on a short order.

On December 2, according to Lookonchain monitoring, a trader who had made 9 consecutive profitable trades just executed a “stop loss” and closed a short order of 500 BTC at 40x leverage, incurring a loss of over 1.78 million USD. They had accumulated a profit of 2.12 million USD from the 9 consecutive winning trades, but this shorting transaction alone resulted in a loss of over 1.78 million USD, nearly wiping out most of the previous gains.