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20 hours loss of $3.609 million, not everyone can withstand this kind of blow🥹
A well-known wallet address just cut losses at the market high. Data shows that this whale closed a long position of 3846.27 BTC an hour ago, worth about $350 million. More importantly, he also withdrew all 31.7 million USDC collateral afterward.
A detail that really explains the situation—he won't open new positions in the short term. This could mean he's reflecting on his strategy, or he's just been completely stunned by this wave of market movement. In the crypto market, having cash doesn't save every position. This loss marks the end of his 11 consecutive wins.