On-chain data monitoring shows that a whale that had been dormant for 1.6 years just closed its LIT long position, resulting in an instant loss of $767,403. The whale's account is even worse off — it once had a paper profit of up to $3 million, now only $420,000 remains. Imagine waiting over a year for a turnaround, only to end up like this. On-chain data records this transaction in real-time, reflecting that even large holders with long-term positions find it difficult to precisely time the optimal exit in a market where the rhythm changes rapidly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
6
Repost
Share
Comment
0/400
MetaverseMortgage
· 01-06 19:02
Endured 1.6 years just to lose 760,000, how exhausting that must be...
View OriginalReply0
OnchainDetectiveBing
· 01-05 14:31
How desperate this whale must be, enduring 1.6 years in vain, with 3 million shrinking to just 420,000... Truly, no matter how big the amount, it can't withstand the market's rhythm changes.
View OriginalReply0
RugPullAlarm
· 01-05 11:55
3 million to 420,000? Is this whale really still a whale... 1.6 years of sleep, waking up to be cut. On-chain data is black and white; even big players can't save themselves.
View OriginalReply0
ZenChainWalker
· 01-05 11:50
熬1.6年就为了这?直接麻了,300万打到42万,这出场时机也太绝了。
Reply0
0xSunnyDay
· 01-05 11:49
Stuck for over a year just for this? Giving up directly is indeed the case.
View OriginalReply0
DisillusiionOracle
· 01-05 11:38
This is what you call greed that knows no bounds, swallowing an elephant. From 3 million to 420,000, a return to the pre-liberation era overnight.
On-chain data monitoring shows that a whale that had been dormant for 1.6 years just closed its LIT long position, resulting in an instant loss of $767,403. The whale's account is even worse off — it once had a paper profit of up to $3 million, now only $420,000 remains. Imagine waiting over a year for a turnaround, only to end up like this. On-chain data records this transaction in real-time, reflecting that even large holders with long-term positions find it difficult to precisely time the optimal exit in a market where the rhythm changes rapidly.