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Top Ethereum trader loses $49M and ends 23-win streak amid sharp ETH price surge

Technical Signals
20 Aug 2026
UToday
View Source
Bearish
pluang ai news

A leading Ethereum trader known for a 23-win streak lost $49 million after ETH's sudden price surge triggered massive liquidations of short positions. The rapid market reversal caused about $3 billion in crypto liquidations, with shorts accounting for over 91% of the losses. Ethereum's price jumped from below $2,000 to above $2,300, breaking key technical levels and pushing the RSI above 80, signaling strong momentum but also high volatility risks. This event highlights the dangers of leveraged trading despite past success.

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