The giant whale is facing a floating loss of 22 million dollars; is it an opportunity or a warning? Anna will help you understand the signals behind it!
Today, a large player known as the "BTC OG insider whale" has come under scrutiny. Data shows that he has opened high-leverage long positions in ETH, BTC, and SOL, and is currently facing a floating loss of 22 million dollars. Especially, the 5x leveraged long position in ETH accounts for 556 million, with an average price of 3169 dollars; when the market drops, he gets trapped.
This whale is not an ordinary person - holding over 50,000 BTC that has been dormant for 8 years, later swapping to ETH, and previously making nearly 100 million dollars by shorting accurately. This time, he has been continuously adding positions, clearly optimistic about the future market. However, high leverage in a volatile market can leave even the strongest whale stranded.
For us ordinary players, remember two points:
First, don’t blindly follow the trend of leverage; whales can afford to lose, but you cannot;
Second, large orders are often emotional signals; continuous buying may indicate mid-term optimism, but caution is still needed in the short term. Just like last year, I was attracted by the surge in altcoins and entered with my whole position, only to end up with my investment halved. Now, I only follow the trend and don’t gamble on direction.
There are always opportunities in the market; preserving your capital is key to lasting longer. Don’t be frightened away by floating losses, and don’t let stories of sudden wealth cloud your judgment - observe calmly, allocate in batches, and wait for the right moment.
