The "1011 insider whale" aggressively increased its position in ETH. Who is right, the cautious ordinary investors or its adventurous moves?
The operation of the "1011 insider whale" this time is indeed bold. Just nine days after the flash crash event, when the market may not have fully stabilized, it dared to invest 10 million USDC and even added five times leverage to go long on Ethereum, which is not a small risk. Leverage is like a double-edged sword; if used well, it can amplify profits, but if the market moves do not go as expected, losses can also be magnified exponentially.
It set a limit buy order, intending to further increase its position close to 10,000 ETH, indicating that it indeed has confidence in the subsequent rise of Ethereum. However, the cryptocurrency market is too volatile, and prices are influenced by various factors, changing unexpectedly; no one can accurately predict it. Even if it had previous successful operational experience, this time it may not achieve its goals.
If you rush in just because you see a whale increasing its position, if the market suddenly turns, you could very likely lose everything. In the cryptocurrency market, it is still necessary to remain calm and rational, formulating investment strategies based on your own risk tolerance, and not to be carried away by temporary market trends and the operations of whales.
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