Top Ethereum Trader Loses $49 Million and 23-Win Streak

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One of Ethereum's most prosperous high-leverage traders experienced a severe reversal, losing $49 million and a 23-win streak. The loss came as ETH's abrupt breakout triggered nearly $3 billion in cryptocurrency liquidations, heavily penalizing short positions.

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ETH's breakout caused massive liquidations, including a top trader's $49M loss, indicating market volatility and potential negative sentiment.

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