$XAU Whales who "buy the dip" in gold early incur a floating loss of $1.5 million.
Despite the sharp downturn in the precious metals market, one whale remains committed to the "buy when there's blood in the streets" strategy, aggressively DCA down.
🔸The whale spent another $4.06 million USDT to acquire 840.25 XAUT in the past 24 hours alone.
🔸Following this transaction, the entity's total holdings have reached 3,404 XAUT. The cumulative cost basis for this position stands at $17.05 million.
🔸Due to the recent gold flash crash, the current market value of these assets has dropped to approximately $15.48 million. This means the whale is currently sitting on a paper loss of about $1,5 million.
Continuing to buy as prices plummet demonstrates this whale's ironclad confidence in Gold's recovery. Is this a dangerous attempt to catch a falling knife, or the longterm vision of a seasoned investor?
News is for reference, not investment advice. Please read carefully before making a decision.