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After experiencing a significant Fluctuation in the Crypto Assets market, the highly followed large trader "The White Whale" shared his recent situation on social media platform. This trader revealed that during the major fall in the market, he faced a series of challenges and tough decisions.
Due to withdrawal processing issues at centralized exchanges (CEX), approximately 5 million stablecoins have been temporarily frozen, forcing him to adjust his trading strategy. To protect other positions, he reluctantly reduced part of his long position in Solana (SOL). Nevertheless, he still holds other positions that are in a loss.
The trader stated that although these emergency measures helped him avoid the fate of being liquidated, he also missed a potentially ideal entry point. He estimates that this missed opportunity could result in a potential profit loss of nearly $20 million.
It is worth mentioning that "The White Whale" once achieved remarkable results on the Crypto Assets derivatives trading platform HyperLiquid, with trading profits surpassing those of the well-known trader James Wynn, rising to the top.
This event highlights the high volatility of the Crypto Assets market and the quick decision-making ability required by large traders when facing drastic market fluctuations. At the same time, it also reminds investors to always be vigilant about market risks and manage their funds wisely.