According to @EmberCN on X, a highly aggressive trader turned approximately $1.8 million in unrealized profit from an ETH short into a new $52.48 million BTC short position. According to @EmberCN, the trader’s initial $3 million USDC capital is now leveraged into about $152 million of total short exposure, reflecting an effective 35x leverage. According to @EmberCN, the liquidation price is very close, signaling elevated liquidation risk on these BTC and ETH short positions. According to @EmberCN, this rolling strategy compounds profits into larger shorts, creating a potential all or nothing outcome for the $3 million principal.

According to @EmberCN, four aggressive crypto derivatives traders who repeatedly pyramided with floating profits via rolling positions have round-tripped from large gains to zero or even principal losses after the latest move, highlighting the drawdown risk of this approach, source: @EmberCN on X, Aug 26, 2025. The pattern reported is the same style of rolling unrealized PnL to scale up, the same process of achieving huge gains through compounding, and the same outcome of giving back all profits, which is directly relevant for leverage risk assessment on perpetual futures, source: @EmberCN on X, Aug 26, 2025. For execution, the case indicates traders should prioritize partial profit-taking and de-leveraging into volatility instead of continuously compounding with unrealized gains to mitigate tail-risk of equity wipeouts, source: @EmberCN on X, Aug 26, 2025. The post discloses sponsorship by Bitget, providing context for derivatives participants reviewing platform risk disclosures and leverage settings, source: @EmberCN on X, Aug 26, 2025.