A 59.72 million-dollar position chasing 1.2 million in profit—using too much leverage. Even with a high win rate, you still can’t withstand a “needle-like” price spike. Knowing when to take profits while things are going your way is a skill.

Crypto World News reports that, according to Lookonchain monitoring, a certain address created a new wallet 30 minutes before the data was published and opened a 20x leveraged long position with 36,826 ETH (worth approximately $59.72 million). The address just closed the entire position, locking in a profit of $1.2 million.