On-chain data shows that a large holder address transferred 18 million Binance Coin to a major exchange 10 hours ago, with a total value of approximately $2.496 million, and an average deposit price of $0.1386. Interestingly, this address has been gradually building a position since early October last year, when the purchase cost was about $0.171. If they sell everything at the current price, this investment would face a loss of over $580,000 — this move can be considered quite painful. In terms of holding period, this has been a bullish stance for over a month, yet the expected rebound has still not materialized.
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ImpermanentSage
· 01-10 02:34
Damn it, it's another play where the big whales get trapped and dump the market
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$580,000 just gone... feels painful for two seconds
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This guy is really patient, holding since October just for this result?
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Typical trap and dump, no way it rebounds
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Long-term optimism? Long-term pessimism is more like it
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I just want to know what this big whale is thinking right now... how regretful must they be
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A one-time dump of 18 million tokens, is this a show for the subsequent bottom-fishers?
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Everyone says the crypto world is gambling, and this guy lost so thoroughly
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Fallen from 0.171 to now... how hard did it hit, I can't take it
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Depositing into the exchange = preparing to cut losses, no way out
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MetaverseMigrant
· 01-09 11:21
This guy is really incredible, still stubbornly insisting...
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580,000 dollars just gone like that, I need to learn when to cut losses.
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Long-term optimism gets slapped in the face, this is the daily life in the crypto world.
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Fallen from 0.171 to 0.1386, a brutal 20% drop, who can withstand this...
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In this situation, topping up on the exchange probably just wants to unload everything.
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Waiting over a month for a rebound, it indicates that the original direction might have been wrong.
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Another believer, ultimately, you have to face reality.
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CodeSmellHunter
· 01-09 01:31
A loss of 580,000 USD, that must be really painful.
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LayerZeroJunkie
· 01-08 03:52
Another brother stuck in a position... After more than a month of holding, still no rebound, it's frustrating.
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CryptoSourGrape
· 01-08 03:40
$580,000 just disappeared like that. If I had known earlier, I wouldn't have been so greedy.
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ZKSherlock
· 01-08 03:39
actually... this is just arithmetic failure wrapped in market theater. the dude's loss function doesn't even require sophisticated probability theory to understand — he miscalculated his information set, period. holding for a month betting on "reversal" is basically trusting assumptions with zero cryptographic backing lol. classic case of confusing hope with mathematical expectation.
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SerRugResistant
· 01-08 03:23
Ouch, this guy lost 580,000 bucks, it hurts just looking at it.
On-chain data shows that a large holder address transferred 18 million Binance Coin to a major exchange 10 hours ago, with a total value of approximately $2.496 million, and an average deposit price of $0.1386. Interestingly, this address has been gradually building a position since early October last year, when the purchase cost was about $0.171. If they sell everything at the current price, this investment would face a loss of over $580,000 — this move can be considered quite painful. In terms of holding period, this has been a bullish stance for over a month, yet the expected rebound has still not materialized.