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I noticed that Dage just took a pretty heavy hit in 24 hours. According to monitoring data, this trader recorded an unrealized loss of about $1.53 million, which essentially wiped out almost a week of gains. Not cool.
What’s interesting is that Dage still holds quite massive long positions totaling $44.34 million on ETH, HYPE, ZEC, and BTC. The HYPE position seems to be the one bleeding the most with a loss of $525,000. Overall, his total unrealized loss amounts to $1.038 million.
It’s a good reminder of the volatility of the crypto market, even for large portfolios. When you have millions at stake, price movements can really hurt in a short amount of time.