The whale lost 41.36 million USD on HYPE, ordinary investors should stop blindly "giving money"!
This whale investor really took a big fall this time. Investing 41.36 million USD to go long on HYPE is no small amount, and now they are facing a floating loss of 12.01 million USD, which is quite a high loss ratio. This fully demonstrates that the risks in the cryptocurrency market are indeed very high, with prices fluctuating like a roller coaster, making it impossible to predict accurately in advance.
Even though this whale investor may have some financial strength and investment experience, it is still difficult to ensure guaranteed profits in such a highly volatile market. Moreover, the liquidation price they set is 23.7 USD; if the price continues to drop and hits this line, the losses would be even more severe.
So, don't blindly follow the trend just because you see someone making a large investment; the cryptocurrency market is not something everyone can handle.
If you want to delve deep into the crypto space but can't find your way, and want to quickly get started with understanding the information gap, click on my profile to follow me for first-hand news and in-depth analysis.
