This round of selling off, including some whales and institutions, many did not escape either. The well-known insider whale boss, with a position of 230 million USD, was also taken away in one wave.

There is also a guy named Hua Zi, ranked third globally, with a position of 650,000 Ethereum. Now it is less than 500,000 Ethereum, gradually starting to cut off limbs to survive, which actually indicates that he is out of money, without any bullets to prepare for adding positions, and has no backup left.

Currently, his liquidation price is between 1575-1681. As the price faces a decline, he has to continue cutting losses to survive and ensure health.

In fact, he is now the biggest bomb in the entire market, a time-limited ticking bomb. Once he is liquidated and leaves the market, it will be the beginning of the death spiral...

Hua Zi is now continuously admitting mistakes, letting go of his former arrogance, and frankly stating that after missing the peak, he confidently tries to buy at the bottom. In fact, this is similar to many old investors, after exiting at a high point, choosing to buy back at a low point, not realizing that the second buy is actually at a halfway point...

I hope the market can give him a break, and not repeat the path of Three Arrows Capital...