Whale investors bought the dip after James Wynn's position was liquidated, ultimately incurring a loss of 17.08 million USD.
Background Information: According to reports from BlockBeats News and Ashes Monitor, a whale investor adopted a "buy the dip" strategy after James Wynn's position was liquidated, attempting to profit from the liquidation event.
Main Event: This whale investor went long on $BTC and $ETH twice following the liquidation of James Wynn's position, opening and adding to positions at midnight last night and 1 a.m. today, respectively. However, as prices continued to decline, the investor chose to cut losses and close the positions two and a half hours ago, resulting in a loss of 17.08 million USD on this long trade.
Impact and Significance: This stop-loss reduced the whale's profits over the past 21 days from 30 million USD to 13 million USD, highlighting the significant impact of market volatility on large investors.
Whale investors bought the dip after James Wynn's position was liquidated, ultimately incurring a loss of 17.08 million USD.
Background Information: According to reports from BlockBeats News and Ashes Monitor, a whale investor adopted a "buy the dip" strategy after James Wynn's position was liquidated, attempting to profit from the liquidation event.
Main Event: This whale investor went long on BTC and ETH twice following the liquidation of James Wynn's position, opening and adding to positions at midnight last night and 1 a.m. today, respectively. However, as prices continued to decline, the investor chose to cut losses and close the positions two and a half hours ago, resulting in a loss of 17.08 million USD on this long trade.
Impact and Significance: This stop-loss reduced the whale's profits over the past 21 days from 30 million USD to 13 million USD, highlighting the significant impact of market volatility on large investors.
