• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Unable to bear it any longer, 0xSifu “unfortunately” closed the ETH quick buy with a reduction of just about USD two.four million

193
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The marketplace pumped strongly forcing traders betting on the downside to lower losses or get liquidated. 0xSifu’s popular ETH quick buy also discovered itself in a comparable predicament and the proprietor had to “secretly” lower losses with a adverse quantity of $two.four million.

Unable to bear it any longer, 0xSifu “unfortunately” closed the ETH quick buy with a reduction of just about USD two.four million

Related articles

Bitcoin price rose steadily above resistance at $70,000

Bitcoin cost increases steadily past resistance of 70,000 USD – Bitcoin News 2024

April 8, 2024
Altcoins Are Correcting Prices Lessons from ETH, XRP and SOL

Altcoin selling price correction? Lessons from ETH, XRP and SOL

March 7, 2024

The marketplace is developing but not anyone is delighted. The saddest persons are likely individuals who “trot” on the quick side, normally the former CFO of the Frog Nation group, 0xSifu (sifu.eth).

As Coinlive reported on October 24, 2023, the cryptocurrency marketplace turned green as the value of Bitcoin jumped to $34,700, the highest degree given that the collapse of LUNA – UST. The value of ETH at that time was all around USD one,820. But 0xSifu opened a leveraged quick ETH place on DEX Synthetix.

The quick place was really worth much more than $21 million, with the regular quick value of ETH at the time currently being $one,643, representing a reduction of $two million.

And as we have noticed, the value of ETH has risen quickly more than the previous number of days devoid of any indications of slowing down. This locations the quick buy in an exceptionally substantial-danger predicament, forcing the proprietor to slowly shut the prior place at $twelve.five million and proceed moving forward.

However, right after October’s “Uptober” comes November’s “Moonvember”, when BTC and ETH concurrently attain the 2023 peak, pushing Sifu into an exceptionally tricky predicament of obtaining to “endure losses” for numerous days.

Eventually, probably right after redrawing a new chart, Sifu eventually closed all his quick ETH orders, just about accepting a reduction. two.four million bucks final November 10th.

Sifu.eth closes its quick place right after a $two million reduction. pic.twitter.com/NejP6laelL

— CBduck 🛡️ (@CoinbaseDuck) November 9, 2023

Of program, if it is feasible to open orders of up to $21 million, this reduction is not a large challenge for Sifu. But this is also a wake-up contact for traders working in the marketplace, do not neglect to set Stop Loss and restrict the use of substantial leverage.

ETH value is trading all around USD two,056 right after reaching a peak of USD two,140. If you do not shut the buy, the buy could have been liquidated!

1H chart of the ETH/USDT pair on Binance as of one:00 PM on November eleven, 2023

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest troubles in the DeFi marketplace in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!

Tags: 0xSifuanymorebearClosedETHLossmillionorderShortshort ETHunableUSD
Share77Tweet48

Related Posts

Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision

by shark
June 23, 2025
0

Bitcoin's price fell due to the Federal Reserve's interest rate decision, impacting the cryptocurrency market with increased volatility and investor...

Congressman Massie Proposes Federal Reserve Abolition Bill

by shark
June 22, 2025
0

Rep. Thomas Massie's Bill to Abolish Federal Reserve: Implications for U.S. Financial System and Cryptocurrencies

Exposed Crypto OTC Scam Defrauds $50 Million

by shark
June 22, 2025
0

Large-scale crypto OTC scam hits investors, defrauding over $50 million in assets.

U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows

by shark
June 22, 2025
0

U.S. spot Bitcoin ETFs see significant inflows led by BlackRock, indicating strong institutional market confidence.

Semler Scientific Targets 105,000 BTC Holding by 2027

by shark
June 22, 2025
0

Discover how Semler Scientific plans to accumulate 105,000 Bitcoin by 2027, impacting institutional adoption and market dynamics.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin Dips to $102,400 Amid Altcoin Drop and Fed Decision
  • Congressman Massie Proposes Federal Reserve Abolition Bill
  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • Semler Scientific Targets 105,000 BTC Holding by 2027
  • Pump.fun Delays Token Auction Amid Legal Challenges
  • Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval
  • Trump Family Cuts Stake in World Liberty Financial
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7