Bitcoin (BTC), which broke a brand new document by exceeding $ 108,000 in latest days, skilled a serious decline following the hawkish statements of FED Chairman Jerome Powell.
After this decline, the BTC value dropped to $97,000, and an investor misplaced greater than $7 million in Bitcoin.
The investor, who already suffered a lack of $3.75 million, additionally misplaced $4.4 million in revenue.
In line with Lookonchain’s submit, a whale made a revenue of $4.4 million and a lack of $3.75 million.
On December 14, the whale borrowed 25M USDC from Aave and deposited it into Hyperliquid, opening a protracted place in BTC with an entry value of $101,662.9.
Three days later, BTC hit a brand new ATH of over $108,000, bringing the whale over $4.4 million in unrealized earnings.
Nevertheless, the whale didn’t take this revenue and shut its lengthy place. With the latest decline in BTC, the whale is dealing with a lack of $3.75 million.
https://twitter.com/lookonchain/standing/1869924369407062038
*This isn’t funding recommendation.
