Whales suffered a Waterloo! 23.8 million BLZs were sold, with a loss of $4.63 million. The delisting plunge triggered a "death spiral"!
A whale address that held the currency for 1 year was overwhelmed and transferred 23.8 million BLZs (worth $2.55 million) to Binance, swallowing a loss of $4.63 million. This wave of magic operation can be called the "worst stop loss of the year"!
The key is that Binance announced the delisting of BLZ today, directly kicking the market into the ice cellar, and BLZ plummeted 25% in a single day! This whale cut its meat and fled under the double blow of "delisting announcement + market collapse", with no hope of cashing out, and became a new sacrifice in the liquidity graveyard.
Blindly holding long-term positions is risky. Don't be superstitious about hoarding coins at low levels. This time, BLZ's "delisting nightmare" is the best warning. The longer you hold the currency, it does not mean that you can wait for spring. What you may wait for is just a nightmare. The delisting effect of Binance is extremely lethal. Once a currency is "sentenced to death", retail investors want to run? Sorry, the whales have already run away, leaving you behind!
"Bottom-hunting thinking" is not allowed in the market! There is no shortage of "minefield assets" in the currency circle, and investment needs to be cautious, otherwise you will end up like this whale, becoming a liquidity provider in the market!
Insight into the market rhythm is the beginning of controlling wealth! Follow Lao Tan, plan ahead, and let the next peak belong to your account! Follow Lao Tan, and never let the opportunity slip away!
