## Heavy Losses: Wallet Bets on Bitcoin Drop and Loses $1.8 Million

According to chain observers, a new trading wallet suffered significant losses when it bet on a sharp decline in Bitcoin's price with a massive leverage on a decentralized trading platform. The trade resulted in an unrealized loss of (floating loss) reaching $1.8 million, reflecting the high risks associated with highly leveraged positions.

### Details of the Losing Trade

The wallet opened a short sell position on Bitcoin with 20x leverage at a price level close to $101,653. As BTC's price rose beyond the trader's expectations, the position declined sharply, leading to the accumulation of substantial unrealized losses.

### Critical Risk Levels

The forced liquidation price (liquidation price) stands at approximately $104,230, meaning any further limited increase will result in the complete closure of the position and the liquidation of capital. Current data indicates that Bitcoin is trading near liquidation points, placing this position in a very high-risk zone.

### Lessons Learned

This case exemplifies the severe risks of high-leverage positions in cryptocurrency trading. Using 20x leverage means that a small price movement of 5% can wipe out the entire capital. Traders seeking quick profits often face heavy losses when not following proper risk management strategies.