[Nine consecutive wins trader closes 500 BTC short position, losing over $1.78 million] On December 2, according to Lookonchian monitoring, a trader with nine consecutive profitable trades used 40x leverage to short 500 BTC, ultimately stopping out and closing the position, resulting in a loss of over $1.78 million. Previously, the trader had accumulated $2.12 million in profits across nine consecutive trades, with this loss nearly wiping out most of the gains.