The Bitcoin market is now a casino for the whales!
Someone just lost 6 million dollars and still dares to use 40x leverage to bet 970 coins worth over 100 million dollars. How is this different from gambling recklessly to recover losses? What's even crazier is that a big player just cashed out 1,141 BTC for 3.4 million dollars, while another whale opened a 235 million dollar short position, only to face a market backlash with a floating loss of 2.27 million. This isn't investment; it's clearly a battle of the gods!
In my opinion, these whales are just playing leveraged Russian roulette, relying on their thick wallets. What does 40x leverage mean? A 2.5% fluctuation in BTC price can lead to liquidation! The market is being stirred up by these big funds, making it chaotic, and retail investors are just cannon fodder.
I suggest everyone not to follow the trend blindly. Look at these whales' crazy moves: those losing money are frantically doubling down, those making money are quickly cashing out, and those shorting are getting beaten up. This drama is more exciting than a TV show! We small retail investors should just watch the show quietly. If we really want to bet, remember: never put all your assets on the gambling table because whales have nine lives, while we only have one!
Recently, I plan to ambush a potential coin that is about to explode, doubling my investment should be quite easy, and expecting a growth of over ten times is not a problem. If you want to follow along, like and comment for a free share!
