Even institutions are taking losses? Bought $6.37 million, now stopping out after a $260,000 loss?
1 hour ago, Standard Crypto partner izebel_eth transferred 2,000 MKR and 20,000 AAVE to the exchange, amounting to approximately $6.37 million at current prices.
These coins were purchased on-chain from late February to early March this year,
now transferred out below the cost price, with an unrealized loss of about $262,000.
What signal does this operation release?
Is it a stop-loss action after a misjudgment of the cycle,
or is it an early exit due to a less optimistic outlook for future market conditions?