Instead of the typical gaming or chatting, Satto, a Korean streamer, chose to livestream investing in cryptocurrencies. This helped him become famous. A lot of the time, the streamer in particular livestreams placing future orders with a lot of leverage on cryptocurrency exchanges.

Futures, or “futures,” are transactions in which investors borrow a specific sum of money from a market in order to speculate on whether the price of a coin will rise or fall. Future orders will be placed as long (predicting a rise in price) and short (predicting a fall in price).

The price of cryptocurrencies has been falling recently. From over 46,000 USD/BTC at the beginning of April to about 39,500 USD (the morning of April 12), the price of Bitcoin has decreased.

Despite the fact that BTC is still losing money, Satto thinks that the value of the leading cryptocurrency will rise. Since the afternoon of April 11th, this streamer has been placing Long orders.

The streamer frequently makes lengthy, multimillion dollar orders. It’s important to note that all of his orders have incredibly high leverage, which is extremely risky for high-value orders.

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When he placed an order worth 240 BTC, or $10 million USD, using 25X leverage, the livestream reached its peak. The price of entry is $41,666; the price of exit is $40,208. Satto watched every movement of the candles for several hours as he remained glued to the screen. Whether he would win big or not must be on the minds of his supporters.

The streamer persisted in placing a Long order with a leverage of 80X for more than 5 million USD, announcing his intention to go all in or bust. Satto turned away from the chart and sat down on the couch while making a phone call. He may have been still depressed from the previous results at this point.

Satto steam his chair and glanced at the phone because he was so depressed.

His order was still liquidated, so this did not help the situation. After losing tens of millions of dollars in a matter of hours, Satto’s face was dejected.

In the comments section, the majority of people offer Satto their condolences. However, a lot of people were furious with this streamer’s trading strategy because they thought it was “throwing money out the window.”