Having money doesn't necessarily mean you can withstand the blow. This big trader lost $3.609 million within 20 hours.
Address 0xFB7…5e0A3 cut losses directly an hour ago, stopping out a long position of 3846.27 BTC in one go, exiting with a value of $350 million. Even more harshly, all 31.7 million USDC margin was withdrawn immediately afterward, indicating they probably don't plan to re-enter the market in the short term.
This move completely changed this big fish's strategy. The 11-game winning streak has come to an end. Sometimes, having a large capital base can become a burden—once the position loses, it costs an astronomical amount to flexibly stop out.
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hodl_therapist
· 21h ago
$350 million cut in one wave, this is the real textbook of stop-loss
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Even big players can't hold on, indicating that this wave is really urgent
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11 consecutive wins ended, I just want to know what to do next
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Having a large amount of funds is actually a burden, this hits hard
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Out of 350 million in an hour, how urgent must that be
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I don't understand the world of the wealthy, but this loss is indeed huge
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All margin funds withdrawn, it seems they've really been scared off
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The cost of stop-loss is so high, I would have gone bankrupt long ago if it were me
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Cutting 3.6 million dollars to get out, terrifying
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Having a large fund size is a trap at this time
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BearMarketHustler
· 01-08 12:33
Wow, 350 million just disappeared like that. This is the real big player slaughter.
Having money doesn't even help; at critical moments, you still have to be ruthless and cut.
11 consecutive wins, gone just like that. Feels like riding a roller coaster.
This must be the price of large holdings; can't even move a muscle.
The larger the funds, the more they become a shackle. So ironic.
A stop-loss of hundreds of millions, just thinking about it makes me feel terrible.
Small investors are more flexible; big players become the laughing stock.
Compared to making money, this round of losses is even more brutal.
View OriginalReply0
AirdropFatigue
· 01-08 01:33
350 million just gone like that, 11 consecutive wins... This is the fate of big players, I suppose.
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SnapshotStriker
· 01-08 01:29
Damn, 350 million just disappeared. This is the cost of big funds.
3846 BTC, just like that, cut off. As retail investors, we don't even have a chance to run.
The 11-game winning streak has ended. That's how the crypto world is—profits come quickly, and losses come just as fast.
This guy probably needs to reflect on his life. Is he bottom-fishing or catching it halfway up the mountain?
Poor liquidity of big funds is really a trap. If it were me, I would have already run.
This might be the last time. When he comes back, the coin price will have doubled.
This cut might be to stop the bleeding. Even the big players have their moments of failure.
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PaperHandSister
· 01-08 01:27
Wow, $350 million was directly cut? Now that's real paper hands.
Stop-loss is stop-loss, but pulling out $31.7 million USDC all at once? This guy has completely given up.
Big funds just can't do this; a big ship is hard to turn around, and big moves always lead to losses.
View OriginalReply0
SchrodingerGas
· 01-08 01:19
This is a typical liquidity trap. The larger the funds, the harder it is to escape... A $350 million position trying to cut losses quickly, slippage can grind you to death.
Having money doesn't necessarily mean you can withstand the blow. This big trader lost $3.609 million within 20 hours.
Address 0xFB7…5e0A3 cut losses directly an hour ago, stopping out a long position of 3846.27 BTC in one go, exiting with a value of $350 million. Even more harshly, all 31.7 million USDC margin was withdrawn immediately afterward, indicating they probably don't plan to re-enter the market in the short term.
This move completely changed this big fish's strategy. The 11-game winning streak has come to an end. Sometimes, having a large capital base can become a burden—once the position loses, it costs an astronomical amount to flexibly stop out.