Crypto Trader's Massive Loss on ETH/BTC Pair đđž
A trader's gamble on Ethereum outperforming #Bitcoin backfired spectacularly, losing ~$43.7M in the process! đ± They borrowed 3,061 WBTC on #AAVE , swapping it for 18,000 ETH from January to July, betting big on #ETH .
However, the #ETHBTC ratio dropped by 22% since the trade, showcasing the high stakes of crypto trading. This serves as a stark reminder of the volatility in #crypto markets. Always remember, with high reward comes high risk.
