Meet Satto, a famous Korean Streamer

His Bitcoin bet went viral after being liquidated at $57,750

This is the story behind him and his worst trades🧵

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Satto is a live-streamer who runs a South Korean YouTube channel with over 291,000 subscribers

He started in 2017 and has uploaded 845 videos since then

Over this time, he has become known for his risky trading bets

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Satto went viral in 2022 when he used 25X leverage to place an order for 240 BTC, worth $10 million USD.

The entry cost was $41,666, and the liquidation point was $40,208.

Satto stared at the screen for hours and ended up being liquidated.

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The same year, Satto got liquidated losing $330,000 in the stream

Highest respect to the Chad for streaming it all.

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In March 2023

Satto decided to short 186 BTC from $21,417

He was liquidated days later losing $800k

If he had longed from the same entry, and held to today, he would be up $8,750,000

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Shortly after, in a live stream with friends

Satto opened a Long position that could have netted him $100k in profits

However, he ended up losing all his money within minutes.

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Speculation abounds about how Satto funds his risky trades

Some suggest he is from a wealthy family, others think he's just a skilled trader seeking virality

His streaming, however, is known to generate around +$250,000 annually.

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Today, Satto continues to stream daily with his risky trades.

He has become such a meme within the crypto community that he's now considered a market signal.

If you find are in the same trading position as Satto, you might want to double-check it

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