Whale's Trading Strategy Results in Significant Losses

According to BlockBeats, a whale experienced substantial financial losses following a series of trading maneuvers involving Bitcoin and Ethereum. After the liquidation of positions held by James Wynn, the whale attempted to capitalize on the situation by opening long positions, a strategy referred to as 'picking up the pieces.' Initially, the whale opened long positions after the liquidation of James Wynn's holdings at midnight yesterday and again at 1 a.m. today, following another liquidation and closure of Wynn's positions. However, as prices continued to decline, the whale decided to cut losses and close positions two and a half hours ago, resulting in a loss of $17.08 million. This recent setback has significantly impacted the whale's profits, reducing earnings from $30 million to $13 million over the past 21 days.