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Buying the dip of 6 million WBTC, losing 31.6 thousand USD in 5 hours and cutting loss to exit.
[Crypto World] In the early morning of November 29, when the market was all red, an old brother decided to buy the dip on WBTC.
Directly invest 6 million USDC to acquire 65.65 coins, with a cost price of 91,384 USD. The idea is beautiful - it should rebound after a deep drop, right?
As a result, the market did not go as scripted. The price continued to drop, and this guy couldn't hold on after 5 hours.
Finally, all positions were closed at an average price of $86,563, resulting in a paper loss of $316,000. From buying the dip to cutting losses, it took less than half a day.
This wave of operation tells us: buying the dip requires not just courage, but also a bit of luck. Want to catch a rebound when the market is falling? Ask yourself if you can withstand further declines.