A large on-chain transfer has attracted attention: a certain whale deposited 41.91 million USDT on-chain to buy 378 WBTC at the end of October last year, when the unit price was just over 110,000. After holding for more than two months, early yesterday morning the entire position was transferred to a leading exchange, with the listing price now only around 90,000. This operation resulted in a direct loss of over 7.6 million USD — the brutality of spot market conditions is laid bare right before our eyes.
The timeline is straightforward: BTC dropped nearly 20,000 per coin from the whale's entry price. In two and a half months, tens of millions in capital shrank significantly. The risk magnitude of this high-entry, short-term holding strategy is crystal clear from this transaction.
To be honest, following whale operations requires extreme caution. With their capital scale, a 7.6 million loss might just represent a portfolio adjustment; if ordinary retail traders played this way, they could face liquidation directly. The key is to closely monitor your own stop-loss line — don't be dazzled by the halo of large players, and don't fantasize about catching every market wave.
Looking at the WBTC trend now, the violence of market volatility is enough to teach anyone the meaning of caution. The crypto market never lacks opportunities, but it equally never lacks risks. Before the next rally comes, get your risk management in place first — that's the right way to survive long-term.
A large on-chain transfer has attracted attention: a certain whale deposited 41.91 million USDT on-chain to buy 378 WBTC at the end of October last year, when the unit price was just over 110,000. After holding for more than two months, early yesterday morning the entire position was transferred to a leading exchange, with the listing price now only around 90,000. This operation resulted in a direct loss of over 7.6 million USD — the brutality of spot market conditions is laid bare right before our eyes.
The timeline is straightforward: BTC dropped nearly 20,000 per coin from the whale's entry price. In two and a half months, tens of millions in capital shrank significantly. The risk magnitude of this high-entry, short-term holding strategy is crystal clear from this transaction.
To be honest, following whale operations requires extreme caution. With their capital scale, a 7.6 million loss might just represent a portfolio adjustment; if ordinary retail traders played this way, they could face liquidation directly. The key is to closely monitor your own stop-loss line — don't be dazzled by the halo of large players, and don't fantasize about catching every market wave.
Looking at the WBTC trend now, the violence of market volatility is enough to teach anyone the meaning of caution. The crypto market never lacks opportunities, but it equally never lacks risks. Before the next rally comes, get your risk management in place first — that's the right way to survive long-term.