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Whale Crash Again? This Time the Loss is Quite Heavy
A major insider whale recently opened a long position of 5000 ETH, but the account has already lost about 45 million USD. It sounds pretty tragic, but this whale is no ordinary player—it’s the same one who made a fortune shorting during the 1011 crash event years ago.
After that successful trade, this whale’s daily profit once reached nearly 200 million USD, showcasing its impressive prowess. Who knew that this time, the long strategy wouldn’t go as smoothly.
Interestingly, it actually managed to bottom out during last week’s market. Five days ago, the account’s profit hit a high of 26 million USD. Since then, it’s been declining, and the current loss situation shows how quickly market reversals can happen—market dynamics are just like that; yesterday’s hero sometimes can't stop today’s turbulence.