Whale just closed their MASSIVE short position on this token.
Result? -$10.8M realized loss.
This is what happens when you fight the trend with size. Even whales get wrecked.
The token? Not disclosed yet but this kind of capitulation usually marks local bottoms. Watch for a relief bounce if retail hasn't piled in yet.
Lesson: Position sizing > conviction. Don't let ego turn a bad trade into a portfolio nuke.
Result? -$10.8M realized loss.
This is what happens when you fight the trend with size. Even whales get wrecked.
The token? Not disclosed yet but this kind of capitulation usually marks local bottoms. Watch for a relief bounce if retail hasn't piled in yet.
Lesson: Position sizing > conviction. Don't let ego turn a bad trade into a portfolio nuke.