[Early Morning Rebound Liquidates One-Third of Rolling Trader's Short Position, Unrealized Profit Drops by $20M] At 3 AM, a roughly 4% rebound liquidated one-third of [Rolling Trader 0xD83...Fd7]'s $332M short position. This also caused his unrealized profit to plummet by $20M: from $24M in unrealized profit to just $4M now. The extreme risk of the rolling strategy lies here: zero margin for error. Ultra-high leverage keeps the liquidation price dangerously close, so even a slight price movement in the opposite direction can wipe out all profits or even the principal. After having his position liquidated early this morning, [Rolling Trader 0xD83...Fd7] has just reopened part of his short position. He now holds a $266M short position. https://(hypurrscan.io)/address/0xD83516572789F1c782C8298eFce58a5600318Fd7 perps --------------------------------------------------------- ｜Bitget VIP, lower fees, bigger perks