Trader with 226,100 xyz:SILVER tokens shorted with 20x leverage, floating loss of $2,026,000

2026-01-23 04:34:09

【Blockchain Rhythm】There’s an interesting trading trend. On January 23rd, a trader (0x61cee) made a significant move on the xyz:SILVER contract, which is pegged to the silver price—using 20x leverage to heavily short 226,100 coins, with an average price stuck at $89.72. The current situation is a bit awkward, with unrealized losses soaring to $2,026,000, and the liquidation line waiting at $112.79. Such high-leverage operations, once the direction bets go wrong, have limited room for decline before liquidation occurs. Whether this position can survive depends on how the silver price moves next.

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ChainMelonWatcher

· 12h ago

Using 20x leverage to short silver, this guy is really bold. He's currently holding a floating loss of over 2 million and still holding on. I have to kneel to him.

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NotFinancialAdvice

· 13h ago

Playing with 20x leverage like this, really shows a gambler's mentality. Still holding on despite a floating loss of 2.02 million...

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gas_fee_therapist

· 13h ago

Using 20x leverage to short and still have an unrealized loss of over 2 million, this guy really dares to do that. I would have peed my pants already if it were me.

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SillyWhale

· 13h ago

Using 20x leverage to short and still lose over 2 million, this guy is really brave. I need to learn from this kind of courage.

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CryptoPhoenix

· 13h ago

Remember, when losing money, it's most important to stay sober. What does this guy's story tell us? 20x leverage, really trading with life on the line. A bear market tests your mindset. This wave of decline is actually building momentum for the next rally. Believe that dawn will eventually arrive. Having gone through so many cycles, I actually think that people who get liquidated tend to live a few years less than those who hold their coins. Forget it, maintaining a steady mindset and rebuilding confidence is more important than anything else.

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