Another on-chain liquidation scene. A wallet holding 110,000 WBTC purchased at the time of entry has now dropped to 90,000 and cannot be held any longer.
According to on-chain data monitoring, a major transaction just occurred: 378.11 WBTC were transferred to an exchange, with this asset valued at $34.3 million. The background is that this wallet, during the late October market rally, accumulated at an average price of $110,504 on the chain and has held on for three months.
If this is truly a signal of liquidation, it means this large holder will face an unrealized loss of $7.483 million. The decline from the average price to the current price vividly illustrates the stark contrast between the market's enthusiasm at that time and its current indifference. Three months of persistence ultimately couldn't withstand the volatility of WBTC.
This passive liquidation by large on-chain holders often reflects the psychological boundaries of market participants—plans to hold to the end are often completely altered at a certain price point.
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DataBartender
· 01-10 05:37
$7.48 million, huh? That mental barrier really can't hold... Three months still couldn't get through it.
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SchrodingerAirdrop
· 01-09 06:59
Losing 7.48 million in three months, how strong must one's mentality be... If it were me, I would have gone crazy long ago.
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WhaleWatcher
· 01-09 05:58
Losing over 7 million in three months is hard to withstand; this mental defense line is indeed fragile.
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ServantOfSatoshi
· 01-09 05:57
It only took three months to break the defense; I thought the big players had ironclad willpower.
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BankruptWorker
· 01-09 05:57
$7.48 million just disappeared like that, how can your mindset not collapse?
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FUD_Vaccinated
· 01-09 05:39
Oh no, this is a typical case of a mental breakdown. I originally wanted to buy the dip but ended up buying the top.
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$7.48 million down the drain, I wouldn't be able to hold on either. It's just that I didn't prepare myself psychologically.
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Three months ago, I was full of enthusiasm, but in the end, I couldn't escape the slap of reality. This is the crypto market.
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The big players have already cut their losses. Is this a signal?
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After holding on for three months without seeing a rebound, how strong must your mentality be? Haha.
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WalletInspector
· 01-09 05:36
Losing 7.48 million in three months still means cutting losses; this mental barrier has really collapsed.
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metaverse_hermit
· 01-09 05:32
Oh no, it's that moment when the mental defenses collapse again, and 7.48 million is gone just like that.
Another on-chain liquidation scene. A wallet holding 110,000 WBTC purchased at the time of entry has now dropped to 90,000 and cannot be held any longer.
According to on-chain data monitoring, a major transaction just occurred: 378.11 WBTC were transferred to an exchange, with this asset valued at $34.3 million. The background is that this wallet, during the late October market rally, accumulated at an average price of $110,504 on the chain and has held on for three months.
If this is truly a signal of liquidation, it means this large holder will face an unrealized loss of $7.483 million. The decline from the average price to the current price vividly illustrates the stark contrast between the market's enthusiasm at that time and its current indifference. Three months of persistence ultimately couldn't withstand the volatility of WBTC.
This passive liquidation by large on-chain holders often reflects the psychological boundaries of market participants—plans to hold to the end are often completely altered at a certain price point.