Big Bro Faces Another Liquidation Hit: $24 Million in Cumulative Losses

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According to on-chain analytics tracker Lookonchain, trading entity “big bro” experienced liquidation for the fifth time on January 20. This latest incident highlights the mounting pressure on the trader’s portfolio, with total cumulative losses now standing at $24.18 million.

Currently, big bro maintains a position of 2,200 ETH, valued at approximately $6.67 million. However, with a liquidation price set at $2,991.43 per token, the margin between current holdings and liquidation threshold remains razor-thin. This narrow buffer suggests the trader is operating under significant leverage exposure.

The repeated liquidations over a short period raise questions about risk management strategies. Big bro’s pattern of multiple liquidation events signals the challenges faced by leveraged traders during volatile market conditions. Each cleared position represents both capital loss and operational disruption, compounding the financial impact on the trader’s overall performance metrics.

For observers of on-chain trading activity, big bro’s situation serves as a cautionary tale about the dangers of overleveraged positions in crypto markets. The substantial drawdown underscores why proper position sizing and liquidation price management remain critical for traders operating with borrowed capital.

ETH2,14%
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