Interesting stories about the pancake these days!!!
When James entered the market with that 100 million, the big whales immediately teamed up to short, directly crashing the price by 5%, and James's short position instantly vanished into thin air.
On-chain data shows it clearly; after the liquidation, a giant whale immediately transferred 10,000 pancakes into the exchange, which is obviously a premeditated attack.
What’s even more unbelievable is that James, not willing to admit defeat, injected another 10 million U to continue shorting. As a result, the market suddenly reversed; BlackRock's ETF funds flowed in frantically, and MicroStrategy announced an additional 1.5 billion investment, causing BTC to break through 150,000. This time, James faced a second liquidation, and the short sellers collectively perished.
