$BTC $ETH
Market Tremors!
Whale address long on ETH/BTC takes a "tragic exit"!
A year-long battle ends in huge losses!
This morning, the cryptocurrency market experienced a "quake-level" event! A whale address that has long held its position on ETH/BTC has finally chosen a "tragic exit" after a year of a "long battle".
According to monitoring by on-chain data analysis masters, this whale address sold 3,987 WETH (worth about $10.05 million) at an average price of $2,519 in the last 4 hours and exchanged it all for WBTC to repay massive loans from Aave. This action signifies a complete liquidation, marking the end of its year-long long position journey.
Since 2024, this whale address has accumulated losses exceeding $22.45 million due to its long position on ETH/BTC! Faced with the ruthless market volatility, it once resolutely chose to "hard resist" through flash loans at the brink of liquidation. However, in the end, it could not escape the fate of losses.
The whale address's "tragic exit" undoubtedly brings profound lessons to the market: in the ever-changing world of cryptocurrency, even the most steadfast bulls may face unbearable burdens. The market's volatility and risks always exceed our imagination.
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