A trader who shorted 13,800 ETH at maximum leverage was fully liquidated, losing $1.11 million over two days.

On October 21, on-chain monitoring by @EmberCN revealed a trader opened a max-leverage short position on 13,830 ETH ($32.72 million) at $2,366 on the 19th. A few hours later, ETH began to rebound. The address failed to cut losses and even added to the short position when ETH pulled back to $2,387 yesterday afternoon, ultimately getting completely liquidated after ETH rallied last night.

On-chain data shows the address started with a principal of $1.25 million, suffered a $1.11 million liquidation loss over two days, and now holds only about $140,000.