A prominent Bitcoin whale is currently sitting on losses exceeding $8.24 million from long positions. On top of that, accumulated funding fees have cost him another $5.62 million. This appears to be a case of acting on faulty market intelligence—a stark reminder that even seasoned traders can make costly misjudgments when operating on incomplete information. Sometimes the biggest losses come from simply getting the signal wrong.
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A prominent Bitcoin whale is currently sitting on losses exceeding $8.24 million from long positions. On top of that, accumulated funding fees have cost him another $5.62 million. This appears to be a case of acting on faulty market intelligence—a stark reminder that even seasoned traders can make costly misjudgments when operating on incomplete information. Sometimes the biggest losses come from simply getting the signal wrong.