On May 8, tracking from Lookonchain showed that the rising price of Bitcoin influenced the decision of a 'whale' in the cryptocurrency market. This whale closed its short position on BTC. As a result, the whale suffered a loss of over 1.6 million USD. This is a situation that illustrates the high volatility of the cryptocurrency market. Risk management is always necessary in the context of constantly changing prices.
This information is intended to provide a market perspective and is not investment advice. Investors should assess and consider carefully before making decisions. This event also emphasizes the importance of monitoring fluctuations and analyzing data in the cryptocurrency world.
Source: https://tintucbitcoin.com/ca-voi-dong-lenh-short-btc-sau-khi-lo-hon-16-trieu-usd/
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