A major holder's recent actions are quite heartbreaking. As early as the end of October, he bought 264.8 WBTC at a price of $113,262 each, totaling $30 million. Unexpectedly, the market didn't move as expected, and recently he directly transferred this batch of coins to a major exchange for sale, netting $24.85 million. In total, this WBTC transaction resulted in a loss of $5.15 million.
However, this guy didn't suffer setbacks in other areas. He still holds physical gold assets worth $13.49 million, mainly XAUt and PAXG. The average purchase price of these gold assets is $4,239, with an unrealized profit of $1.07 million on paper, making it a small profit.
Looking at this operation combination, it's clear he's diversifying across multiple asset classes. While the WBTC position took a hit, his gold holdings helped stabilize some of his footing. This also reflects the recent divergence between the trends of crypto assets and traditional assets.
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MetaMisery
· 18h ago
5.15 million USD... This is the consequence of not listening to advice.
Gold, hold steady a bit longer, at least the health bar hasn't fully collapsed.
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DegenApeSurfer
· 18h ago
51.5 million dollars just gone like that, I really can't hold it anymore haha
Gold rescue is a must, or else it would be social death
Even big players have their crashes, this wave of multi-asset allocation is still a lifesaver
The timing for WBTC was really off, the entry point was a bit aggressive
But gold has stabilized now, that's the real smart move
With the market so polarized, betting everything on one direction will eventually lead to a crash
Is it really so easy to make money in the crypto world? Why haven't I seen opportunities like this?
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WalletManager
· 19h ago
Loss of 5.15 million USD... but no panic, this is what a true on-chain expert looks like. I should have diversified more with XAUt to spread the risk, and that's exactly how I do it.
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RooftopReserver
· 19h ago
$5.15 million, what kind of strong hand do you need to take such a hit?
On the gold side, a small profit of only $1.07 million, which can't fill the WBTC gap... Still maintaining a strong mindset.
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PessimisticOracle
· 19h ago
Loss of 5.15 million, surviving and getting out of the exchange is already considered a win.
A major holder's recent actions are quite heartbreaking. As early as the end of October, he bought 264.8 WBTC at a price of $113,262 each, totaling $30 million. Unexpectedly, the market didn't move as expected, and recently he directly transferred this batch of coins to a major exchange for sale, netting $24.85 million. In total, this WBTC transaction resulted in a loss of $5.15 million.
However, this guy didn't suffer setbacks in other areas. He still holds physical gold assets worth $13.49 million, mainly XAUt and PAXG. The average purchase price of these gold assets is $4,239, with an unrealized profit of $1.07 million on paper, making it a small profit.
Looking at this operation combination, it's clear he's diversifying across multiple asset classes. While the WBTC position took a hit, his gold holdings helped stabilize some of his footing. This also reflects the recent divergence between the trends of crypto assets and traditional assets.