📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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Trader 'The Gambler' Faces Multiple Liquidations with $8.7M Loss on Crypto Shorts
Gate News bot message, cryptocurrency trader known as The Gambler (@qwatio) experienced total liquidations on leveraged short positions, including 40x Bitcoin, 25x Ethereum, and partial liquidation on 10x FARTCOIN shorts.
The recent liquidations resulted in an $8.7M loss, contributing to his total losses of approximately $25M. Despite these setbacks, The Gambler proceeded to increase his Bitcoin short position at 40x leverage.
According to earlier reports from Onchain Lens, The Gambler had previously lost $1.22M from partial liquidations on the same positions, with floating losses exceeding $4.6M at that time.