With $69.21 million in principal, he held on for two and a half months and ended up with just $620,000.
The whale tracked by on-chain analyst Ember opened long positions worth a total of $493 million in late August, around BTC at $82,205 and ETH at $2,604. In this downturn, his final $80.12 million position was also liquidated, bringing his total losses to $68.59 million.
One of the four liquidated addresses listed by Lookonchain today was 0x6046, which belongs to him.
BTC is now around $68,600, more than 15% below his entry price. With positions at roughly 7x his principal, a drop of this size was enough to wipe out the account. Getting the direction half right is no help if you can’t withstand the drawdown along the way—the result is the same. Remember to leave room for the market to act up when choosing your leverage and position size.
#巨鲸 #Liquidation
This is not investment advice. Manage your own positions.
The whale tracked by on-chain analyst Ember opened long positions worth a total of $493 million in late August, around BTC at $82,205 and ETH at $2,604. In this downturn, his final $80.12 million position was also liquidated, bringing his total losses to $68.59 million.
One of the four liquidated addresses listed by Lookonchain today was 0x6046, which belongs to him.
BTC is now around $68,600, more than 15% below his entry price. With positions at roughly 7x his principal, a drop of this size was enough to wipe out the account. Getting the direction half right is no help if you can’t withstand the drawdown along the way—the result is the same. Remember to leave room for the market to act up when choosing your leverage and position size.
#巨鲸 #Liquidation
This is not investment advice. Manage your own positions.
