【Block Rhythm】An anonymous address cut losses on a substantial position in this morning’s operations. According to on-chain data monitoring, the address liquidated 2,901.83 AAVE short positions while closing out 440,308,509 kPEPE short positions. To put it plainly, this operation resulted in significant losses — with cumulative losses reaching $24,000. This once again reminds us that even large capital players are not immune to misjudging market conditions in the crypto market. The recent volatility of AAVE and kPEPE clearly moved in the opposite direction of this trader’s expectations, ultimately forcing them to accept the loss and cut positions. Such events occur on-chain every day, reflecting the disagreements and risks among market participants in their market analysis and judgment.
An address stops loss with over 2.44 million AAVE tokens at dawn, short position loses $24,000
【Block Rhythm】An anonymous address cut losses on a substantial position in this morning’s operations. According to on-chain data monitoring, the address liquidated 2,901.83 AAVE short positions while closing out 440,308,509 kPEPE short positions. To put it plainly, this operation resulted in significant losses — with cumulative losses reaching $24,000. This once again reminds us that even large capital players are not immune to misjudging market conditions in the crypto market. The recent volatility of AAVE and kPEPE clearly moved in the opposite direction of this trader’s expectations, ultimately forcing them to accept the loss and cut positions. Such events occur on-chain every day, reflecting the disagreements and risks among market participants in their market analysis and judgment.