Bitcoin (BTC), which broke a new record by exceeding $ 108,000 in recent days, experienced a major decline following the hawkish statements of FED Chairman Jerome Powell.
After this decline, the BTC price dropped to $97,000, and an investor lost more than $7 million in Bitcoin.
The investor, who already suffered a loss of $3.75 million, also lost $4.4 million in profit.
According to Lookonchain's post, a whale made a profit of $4.4 million and a loss of $3.75 million.
On December 14, the whale borrowed 25M USDC from Aave and deposited it into Hyperliquid, opening a long position in BTC with an entry price of $101,662.9.
Three days later, BTC hit a new ATH of over $108,000, bringing the whale over $4.4 million in unrealized profits.
However, the whale did not take this profit and close its long position. With the recent decline in BTC, the whale is facing a loss of $3.75 million.
https://twitter.com/lookonchain/status/1869924369407062038
*This is not investment advice.
