An address made small trades with 40x leverage in the past month, losing $4.99 million.

Foresight News reports that, according to monitoring by @ai_9684xtpa, an address that frequently uses 40x leverage for trading has lost $4.99 million in the past month. Out of 50 trades, 20 were profitable, with a win rate of 40%. Since February 18, this address has been using 40x leverage to trade BTC, taking both long and short positions. The opening and liquidation prices are often only a few hundred dollars apart, and in extreme cases, less than $100. Most of the time, small wins are offset by large losses, but the address continues to open trades at a high frequency, with holding periods not exceeding 24 hours.