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Crazy! The whale lost 47.8 million but is not giving up, throwing another 30 million to fight the market head-on
The whale is completely going berserk! Just liquidated 9.81 million ETH longs, with a total liquidation of $47.8 million over the past week. It then immediately threw in 16 million, opening long positions on ETH and the S&P 500, plus short positions on crude oil.
Now holding a position of 30 million, with 93% being longs, facing high pressure from geopolitical conflicts, soaring oil prices, and falling US stock futures, leveraging across three major markets to hold on tight.
This is not bottom-fishing; it's outright gambling! Retail investors, remember: big players getting liquidated is not the bottom, and adding to positions against the trend is often a trap. During sharp declines in a bull market or fake breakouts in a bear market, it's best to watch more and act less. Never go all-in and gamble recklessly.