High-Stakes Trader ’10 Big Goals’ Stops Out, Giving Back $25M in Profits After Comeback
TREE NEWS reports: In a dramatic turn of events, the on-chain trader known as “先定 10 个大目标” (Set 10 Big Goals First) has fully closed out his additional short positions on Bitcoin and Ethereum, according to blockchain analyst Ai 姨 (@ai_9684xtpa) on August 25. The trader’s three trades since his return have collectively turned into a loss, but the bulk of that loss represents a giveback of previously realized profits, which he had disclosed at approximately $70 million.
News Summary
According to the monitoring data, the trader’s recent activity unfolded as follows:
- His earlier long positions yielded profits of roughly $20 million.
- The first short position resulted in a loss of approximately $6.283 million.
- The second short position had a confirmed loss of about $10.158 million in its initial phase, with the latter phase loss yet undisclosed but estimated at around $9 million.
- Combining known and estimated figures, the second short position’s cumulative loss could reach ~$19.158 million, bringing the two short trades’ total loss to approximately $25.441 million.
This means that despite the substantial giveback, the trader remains net profitable overall, given his earlier $70 million cumulative profit disclosure.
Industry Analysis and Implications
This episode underscores the extreme volatility and risk inherent in high-leverage crypto trading, even for seasoned traders. The fact that a single trader can generate and then give back tens of millions of dollars in a matter of weeks highlights the liquidity and depth of the crypto derivatives market, but also its capacity for rapid wealth destruction.
From a market microstructure perspective, such large position closures can cause short-term price spikes or dips, especially in thinner order books. The trader’s actions may have contributed to recent Bitcoin and Ethereum price movements, though the broader market context (including macroeconomic factors) remains the dominant driver.
For retail traders, this serves as a cautionary tale about the dangers of over-leveraging and the psychological challenges of managing large unrealized gains. The ‘giveback’ phenomenon is common in trading, where profits are often not locked in and can evaporate quickly.
Forward-Looking Perspective
Looking ahead, the trader’s next moves will be closely watched by the on-chain community. Will he attempt another comeback, or will this stop-out mark a permanent retreat? His track record suggests resilience, but each subsequent trade carries higher stakes and increased scrutiny.
For the broader market, the episode reinforces the need for robust risk management frameworks, both for individual traders and for platforms that offer leveraged products. As crypto markets mature, we may see more sophisticated risk tools and educational resources to help traders avoid such massive profit erosion.
Ultimately, this story is a reminder that in crypto, fortunes can be made and lost in an instant—and that even the most successful traders are not immune to the market’s unforgiving nature.
