From $4.4 Million Profit to $3.7 Million Loss: Greedy Investor in Trouble with Bitcoin (BTC) Trading! Here's Why!

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. Continue Reading: From $4.4 Million Profit to $3.7 Million Loss: Greedy Investor in Trouble with Bitcoin (BTC) Trading! Here's Why!