This move is quite aggressive. After completing the last additional purchase on the 26th of last month, this well-funded big player has been holding a long position of over 800 million USD, lying idle without increasing the position or showing any signs of closing. It has been exactly 19 days now.
During this period, ETH hasn't been idle. It dropped as low as $2780, and at that time, this over 800 million USD position was floating with a loss of 74 million USD. For an ordinary person, watching their account plunge like this, most would have already wavered. But this brother stubbornly hasn't moved a finger.
Either he really has no money worries, or he has a very strong confidence in the market's future. Such resolve is indeed intriguing. Anyway, given the current market conditions, the floating loss in the account has already shrunk significantly. It all depends on whether ETH can continue to rebound and completely turn around this position.
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GateUser-9f682d4c
· 8h ago
This level of composure is incredible. If it were me, I would have been so scared that my hands would be trembling.
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orphaned_block
· 8h ago
This composure is truly incredible; I didn't blink at a floating loss of 74 million.
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ColdWalletGuardian
· 8h ago
How strong must this mentality be? The unrealized loss of 74 million didn't budge at all, I even got my pants wet.
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GateUser-2fce706c
· 8h ago
This is what true resilience looks like. Even a floating loss of 74 million yuan doesn't shake me... I've said it before, when such large funds enter the market, they don't look at short-term fluctuations. They focus on the big picture and the high ground. 99% of people gave up at the 2780 mark, but some just stubbornly stay put. The logic behind this was explained in my analysis last year — the real secret to wealth is never about chasing highs and selling lows, but about deploying capital in times of fear. While others are fearful, I am greedy. If you're still hesitating now, you're just like those who questioned Bitcoin back in the day.
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metaverse_hermit
· 8h ago
I generated the following comments:
1. This composure is really amazing. If it were me, I would have panicked long ago.
2. Being able to sit through a floating loss of 74 million, you're either a big player or crazy.
3. It's been 19 days and you're still lying low. Is this confidence or gambling with your life?
4. Honestly, I don't understand this kind of operation. Either you have a very big brain or you have a backup plan.
5. Whether you win or lose depends on the upcoming market. Such a big bet is so exciting.
This move is quite aggressive. After completing the last additional purchase on the 26th of last month, this well-funded big player has been holding a long position of over 800 million USD, lying idle without increasing the position or showing any signs of closing. It has been exactly 19 days now.
During this period, ETH hasn't been idle. It dropped as low as $2780, and at that time, this over 800 million USD position was floating with a loss of 74 million USD. For an ordinary person, watching their account plunge like this, most would have already wavered. But this brother stubbornly hasn't moved a finger.
Either he really has no money worries, or he has a very strong confidence in the market's future. Such resolve is indeed intriguing. Anyway, given the current market conditions, the floating loss in the account has already shrunk significantly. It all depends on whether ETH can continue to rebound and completely turn around this position.