ā”ļø TODAY: Whale loses $99 million in one week! š±
The famous whale James Wynn was liquidated for 949 BTC (equivalent to $99.3 MILLION) after the Bitcoin price suddenly dropped below $105,000. š„
š This liquidation occurred in a matter of minutes, highlighting the extreme risk of leverage in volatile markets like cryptocurrencies. The position had been opened when BTC was above $110,000, but it couldn't withstand the pullback.
š What do we learn?
Even great investors can make costly mistakes.
Risk management is key in trading.
Never invest more than you're willing to lose, and use stop-losses.
š„ Whales bleed too, and that reminds us that the market doesn't forgive mistakes.
ā Take advantage of these opportunities to learn and build your portfolio wisely.
š Not investing in crypto yet? Now's the time to start responsibly:
