Trading Account Installs Revolving Door

The real news

The story, straight

Most doors help you leave. This trading account apparently needed the revolving kind.

Leverage means using borrowed money to make a bet bigger than your own deposit. That makes losses larger relative to the money you put down.

When the deposit no longer provides enough backing, the exchange automatically closes the bet. That's a liquidation: the loan's rules being enforced, not the exchange stealing your money.

ChainCatcher reported on 15 November 2026, citing Lookonchain, that wallet 0xc05b experienced 7 liquidations in 10 hours. The liquidated positions included 172 bitcoin, valued at about $11.03 million, and 2,984 ether, valued at about $5.44 million.

Together, that's about $16.47 million of positions liquidated. It is not a confirmed $16.47 million realised loss.

The report does not establish the trader's actual loss or identity.

The comedy is the repeated exit. Lil'meme gets launched out of his trading chair while grabbing the entrance door on the way past.

Apparently the eject button needs a restraining order.

The useful distinction: automatic closure ends a bet, not the ability to open another. The report does not tell us what happened after liquidation number 7.

Repost if your emergency exit shouldn't double as your commute.

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