$BTC $ETH
Market Tremor!
Whale Address Going Long on ETH/BTC Takes a "Heroic Exit"!
A Year-Long Battle Ends in Huge Losses!
This morning, the cryptocurrency market witnessed a "quake-level" event! A whale address that has long held its ground in the long position on ETH/BTC, after a year of "prolonged battle", finally chose to take a "heroic exit".
According to on-chain data analysis, this whale address sold 3,987 WETH (worth about 10.05 million USD) at an average price of 2,519 USD in the past 4 hours, and converted all to WBTC to repay a huge loan from Aave. This action marks its complete liquidation, ending a year-long journey of going long on the exchange rate.
Since 2024, this whale address has accumulated losses of over 22.45 million USD due to its long position on the ETH/BTC exchange rate! Faced with the ruthless fluctuations of the market, it once resolutely chose to "stubbornly resist" through flash loans at the brink of liquidation. However, in the end, it still could not escape the fate of losses.
The "heroic exit" of this whale address undoubtedly brings profound insights to the market: in the unpredictable world of cryptocurrencies, even the most determined bulls may face unbearable burdens. The volatility and risks of the market are always beyond our imagination.
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