Papertrade After trading opened, a large number of addresses used 1000 x leverage, with related liquidation-margin losses of approximately 20077100 USD。
Article
🔍 On-chain Detective |Papertrade Aggressive Influx of,000x Leverage: More Than 75%traders have been liquidated, with total liquidations exceeding 20000000 USD BlockBeats news:October 11, according to TradingBeats monitoring, since October 10 22: 00 opened for trading,Papertrade a total of 7962 addresses opened positions, of which 5836 addresses used 1000 x leverage, accounting for approximately 73.3%, and cumulatively opened 61,222,000x leveraged positions.
The risks of high leverage have materialized rapidly. Among them, 4395 addresses experienced at least liquidation of a,000x position, representing 75.3%of addresses participating in,000x leverage; cumulatively, 12,657,000x positions were liquidated, with isolated-margin losses of approximately 20077100 USD. Among them,BTC positions accounted for approximately 8000600 USD，ETH positions accounted for approximately 12076400 USD.
Across the entire platform during the same period, 4861 addresses experienced position liquidations, with a cumulative 14,158 positions liquidated and isolated-margin losses of approximately 23116200 USD. The,000x positions accounted for approximately 89.4%of liquidations and 86.9%of liquidated-margin losses.
The median holding time from opening to liquidation for liquidated,000x positions was only 7 minutes 35 seconds. According to the official explanation, an adverse price move of approximately 0.052%in a,000x leveraged position may trigger liquidation and result in the loss of the entire isolated margin.
Original link https://m.theblockbeats.info/flash/371208
Key points
01
According to TradingBeats monitoring, since October 10 22: 00 opened for trading,Papertrade a total of 7962 addresses opened positions.
02
5836 addresses used 1000 x leverage, accounting for approximately 73.3%, and cumulatively opened 61,222,000x leveraged positions.
03
4395 addresses experienced at least liquidation of a,000x position, representing 75.3%。
04
Cumulatively, 12,657,000x positions were liquidated, with isolated-margin losses of approximately 20077100 USD, including approximately BTC positions 8000600 USD、ETH positions 12076400 USD。
05
Across the entire platform during the same period, 4861 addresses experienced position liquidations, with a cumulative 14,158 positions liquidated and isolated-margin losses of approximately 23116200 USD。
06
The,000x positions accounted for approximately 89.4%of liquidations and 86.9%of liquidated-margin losses.
07
The median holding time from opening to liquidation for liquidated,000x positions was 7 minutes 35 seconds.
08
According to the official explanation, an adverse price move of approximately 0.052%in a,000x leveraged position may trigger liquidation and result in the loss of the entire isolated margin.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
1000 x leverage means that positions are highly sensitive even to very small adverse price movements. The reported data indicate that 75.3%of the addresses participating in this leverage have already experienced at least related position liquidation, and the median holding time of liquidated positions was only 7 minutes 35 seconds. When isolated margin is liquidated, losses are limited to the margin committed to that position, but the original article states that the entire isolated margin may be lost.
Why it matters to readers
,000x positions accounted for the majority of the platform-wide liquidation count and margin losses during the same period, indicating that this leverage created concentrated short-term liquidation risk on the platform. The original article provides no evidence regarding BTC、ETH spot price or any impact on the overall market.
Beginners should understand that the higher the leverage, the smaller the adverse fluctuation that can be tolerated. According to the official explanation cited in the original article, an adverse price move of approximately 0.052%may trigger liquidation of a,000x position; therefore, even a very small price change may result in the loss of the entire isolated margin for that position.
Risks and unknowns
The data in the article come from TradingBeats monitoring, but no independently verifiable address, position, or liquidation details are provided.
The “official explanation” does not specify the issuing entity or provide the original text of the explanation.
Related Developments
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The headline's claim that “more than 75% traders were liquidated” actually refers to addresses participating with,000x leverage, rather than all 7962 opening addresses.
The original text does not state whether these liquidations affected BTC、ETH spot price or the broader market.
The original text does not state whether the statistical methodology treats one address as equivalent to one independent trader.
Related concepts
Leverage
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