Tonight, “the eminent and talented have gathered,” as giant whales carry out bottom-fishing, topping up positions, liquidations, and a spectator-onlooker spectacle—only those who hold the market in awe can sail far.

BlockBeats News, June 6. Tonight is destined to be a restless night for US stocks and crypto investors.

Driven by employment data that came in stronger than expected, US stocks opened lower and then plunged rapidly. As of the time of writing, the selloff has not stopped, with the Nasdaq down 3.00%. Several AI stocks that had previously been heavily hyped have pulled back significantly.

The crypto market is even more brutal. Maggi, unsurprisingly, repeats the liquidation and re-accumulation drama. The difference tonight is that several major whales are there alongside it:

A major whale that had staked 104,772.57 WETH on-chain to hold a leveraged long position was also hit by partial liquidations. Notably, this whale was the one who entered at the bottom during Yilihua’s forced selling in February.

It’s just that times change. While this whale tonight watches its position forcibly liquidated, Yilihua is already standing by the shore lamenting the astonishing speed of the market decline.

In addition, during the on-chain whale liquidations, several other well-known traders also bought the dip and issued buy calls. The most famous among them is the whale “Set 10 Major Targets,” who opened a position at 60,153.8 USD with 2,835.32 BTC, worth 170 million USD.

Killa is slowly adding to his position using spot and low leverage. Ansem, on the other hand, advises users not to rush to bottom-fish.

The market is like an ocean, where gifted people gather and the whales surge. Some wake up during liquidations, while others add positions amid a storm of blood. True wisdom is never about catching the bottom, but about making it through every cycle. Tonight, no one can escape; tomorrow, only those who hold reverence can keep sailing.