Not All Whales Make Money; This One Lost $5M During Market Crashes

https://cryptopotato.com/not-all-whales-make-money-this-one-lost-5m-during-market-crashes/

Information from Lookonchain.

TDLR; This unlucky whale who keep on going for long on ETH got his money liqudated for a total of 2 times with amount adding up to 5.1M usd. This is why you shouldnt time the market or the market will time you.

He first lost about $3.8m in ETH Long position when the market downturn from 1.8k to below 1.7k during July. The second lost for the whales in ETH long position is when ETH drop below 1.62k.

And now currently he enter a ETH long again at $1717 But the ETH now is price at 1704. So lets see the result. Well sometimes the third time is a charm!