A lone trader lost more than $11 million on a single futures trade involving Theta Networks’ THETA tokens as the price jumped 18% in 24 hours, reports shauryamalwa.
A lone trader lost more than $11 million on a single futures trade involving Theta Networks’ THETA tokens as the price jumped 18% in 24 hours.
Of the $11.67 million in liquidation losses to THETA futures traders, one person was short $11.08 million of THETA, meaning they were betting the token's price would drop, data from analytics service Coinglass show. The position was liquidated as prices jumped 18% from Monday’s lows of $2.73.
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