ETH short position 15-hour blood loss of $479,000? The stop-loss story of the trader known as "Yilihua Opponent" trader

According to on-chain data tracking, a trader known as "Yilihua Opponent" recently suffered a loss due to an ETH short position. This trader closed the position after only 15 hours, with a loss of as much as $479,000 on this ETH short.

It is worth noting that the trader's total loss was ultimately limited to $49,000, far less than the loss on a single ETH short position. The reason behind this is that he also held profitable long positions in BTC and SOL, which successfully offset part of the short position losses.

According to monitoring data from on-chain analyst Ai Yi, this trader's ETH short position was liquidated at a scale of $106 million. Such a large position encountering a reverse market in a short period led to rapid loss expansion. From this operation, it can be seen that even large traders need to decisively execute stop-losses to control risk when the market moves against their predictions.