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Whale's consecutive trading resulted in a loss of 4.21 million, and after re-adding a 25x leverage on ETH, it is again showing unrealized losses.
【Crypto World】On-chain data shows that a certain whale address recently experienced a “high dive” after a “high platform jump.”
First, they liquidated their ASTER and ETH holdings, then closed their long position on AVNT. As a result of these operations, the account directly lost $4.21 million. It’s worth noting that this loss is quite significant and is essentially a “permanent goodbye” for ordinary investors.
However, this whale clearly has no intention of stopping. After the loss, they increased their bet on ETH—investing directly $11.18 million with 25x leverage. This approach is somewhat like a “burning bridges” tactic.
But so far, this high-leverage position doesn’t seem to have brought good luck. Data shows an unrealized loss of $138,000. What happens next depends on ETH’s performance.