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The Crypto Assets market experienced a thrilling big dump in the early hours of today. The Bitcoin price fell by nearly 1% per minute within just half an hour, with the maximum drop exceeding 4%, ultimately falling to $102,000.
The big dump has had a more severe impact on other crypto assets. SUI plummeted from $3.5 to $0.55, while WLD fell from $1.4 to $0.26. Many small-cap crypto assets have nearly dropped to zero. According to statistics, over $19.1 billion was liquidated across the network in 24 hours, involving 1.6 million investors, setting a record in the history of crypto asset trading.
However, during this market turbulence, an anonymous whale displayed astonishing operations. He established an $1.1 billion short position with a $30 million principal before the big dump. He closed the position to take profits at the peak of the market's fall, doubling his principal in less than 20 hours, earning a profit of $30 million, and then quickly exited the market with $60 million.
This incident once again conveyed an important message to investors: the importance of setting stop-loss points cannot be ignored. Keeping funds safe is key to seizing future opportunities. At the same time, over-reliance on contract trading can pose huge risks; cautious operation is the long-term winning strategy.
In the face of such drastic market fluctuations, investors need to remain calm, prudently assess risks, and manage their funds well. Although the market may continue to be turbulent in the short term, maintaining rationality and a long-term perspective is still the best strategy to tackle the challenges of the crypto assets market.