💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Whale Trader Faces $4M Loss on BTC Short Position Following Trump Announcement
Gate News bot message, trader identified as “0xdDc” has experienced a $4M floating loss on a leveraged Bitcoin short position opened prior to Trump’s announcement. According to Onchain Lens, the trader initially deposited $3M USDC on HyperLiquid and established a 40x leveraged short position on BTC.
The trader has since deposited an additional $1M USDC to maintain the position and avoid liquidation. Prior to this trade, the whale had successfully executed two BTC short trades, generating $3.6M in profits. The recent loss has reduced the trader’s total profits from $8.6M to $4.6M.