BlockTower Capitalās Big Move: Cutting
#losses or Strategic Exit?
Is it ever a good idea for a huge player to book losses in the market? Well,
#BlockTower Capital just did it! Over the past 10 hours, they deposited $16.78M worth of 4 DeFi tokens into Binance, likely realizing a net loss of $2.94M.
Hereās the breakdown:
ā
UNI: 532,754 ($5.33M) ā Profit: +$579K (+12%)
ā LINK: 197,451 ($4.29M) ā Loss: -$426.5K (-9%)
ā MKR: 3,862 ($3.77M) ā Loss: -$1.7M (-31%)
ā ENA: 5.153M ($3.39M) ā Loss: -$1.39M (-29%)
They still hold $21.7M in assets, including:
š¹ 20,314 AAVE ($5.47M)
š¹ 1,713 ETH ($4.84M)
So whatās the game plan? Risk management, treasury rebalancing, or a bearish outlook? Either way, liquidity is king!