3x Leveraged WLFI Short Trader Don Lose $412K
One crypto trader don open 3x leverage short position of 5.3 million WLFI tokens (wey worth $1.53 million) for wallet address 0xbfaa, now e dey suffer unrealized loss of $412,000 according to Lookonchain. Dis high-leverage strategy on the new WLFI token show say market get big wahala with volatility and liquidation risk for traders wey dey do margin positions. Traders suppose dey watch WLFI price movement well and consider risk management moves like stop-loss orders to reduce possible loss.
Bearish
Di big unrealisd loss we di happen for one high-leverage short for WLFI dey signal say risk and market wahala dey high for di token side, e fit make traders no too dey trade aggressive and e fit make dem begin dey careful. Historically, when big leveraged positions dey suffer heavy loss e dey cause short interest to reduce and e dey put pressure to make price steady, wey mean say e fit get bearish effect for short term. For long term, traders fit want better liquidity and price support before dem go start to trade again, wey go make market momentum for WLFI slow small.