It was yesterday on X i knew that people truly have plenty of money to waste on this space, imagine losing $1 Million on $BTC future just in a week
This was supposed to be $100 million. He managed to turn $4 million into the $100 million and lost it all in that trading activity
The dude is in net profit from trading, he only used a much higher leverage on that trade and somewhat got liquidated.
Adding to this, he's gone long on PEPE with $12 million only hours after loosing the said $100 million
When op referred it to as waste I understood why. This is some money that some persons dream to make in life and here is one dude risking on futures trading and then losing it all in less than an hour.
From what you have explained about this trader, I can only assume that the dude is using such amount that he can afford to lose if we base it what he's making other times with similar amounts for trades he has won. X and Y trader can't have same amount of what they can afford losing. Crazy!