CandleFocus From $4.4 Million Profit to $3.7 Million Loss: Greedy Investor in Trouble with Bitcoin (BTC) Trading! Here's Why!
2024-12-20
Author: Content Editor
Bitcoin (BTC) reached a new all-time high but experienced a significant drop after the hawkish remarks from FED Chairman Jerome Powell. As a result, the BTC price fell to $97,000, causing an investor to lose $7 million. The investor had previously suffered a loss of $3.75 million and also lost $4.4 million in profit. According to Lookonchain, a whale made $4.4 million in profits and suffered a loss of $3.75 million. The whale borrowed 25M USDC from Aave and deposited it into Hyperliquid, opening a long position in BTC at an entry price of $101,662.9. Despite reaching a new ATH of over $108,000, the whale did not take the profit and is now facing the aforementioned losses.
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