A whale using 40x leverage to trade BTC at high frequency lost $4.99 million in the past month.

According to crypto analyst Ai (@ai_9684xtpa), a certain address traded BTC with 40x leverage over the past month, accumulating losses of approximately $4.99 million. During this period, it made 50 trades, with 20 profitable, a win rate of about 40%. Data shows that this address used 40x leverage for both long and short positions starting February 18th, with the opening and closing prices typically differing by hundreds of dollars, and in some cases less than $100. Its trading frequency was high, with each position held for no more than 24 hours.