BlockBeats News, June 6th. Tonight is destined to be a sleepless night for stock and crypto investors.
Under the impact of better-than-expected employment data, the US stock market opened lower and quickly plummeted. As of press time, the decline has not stopped, with the Nasdaq falling by 3.00%. Several previously hyped AI stocks experienced a significant pullback.
The crypto market was even more brutal. The Matey (Liquidation Buddy) once again performed the repetitive liquidation and repositioning drama without surprise. What's different tonight is that multiple whales accompanied this:
The whale who leveraged 104,772.57 WETH for a long position on-chain also experienced partial liquidation. It is worth mentioning that this whale was the same individual who bought the dip during the E-Lie-Hua's selling in February.
However, as times change, the current situation is different. Tonight, as this whale watched helplessly as their position was liquidated, E-Lie-Hua was already on the shore lamenting the astonishing speed of the market decline.
In addition, during the on-chain whale liquidation, several well-known traders bought the dip and issued signals. The most famous among them is the whale known as "First Set 10 Big Targets," who opened a long position of 2835.32 BTC at $60,153.8, worth $170 million.
Killa is gradually adding to positions with spot and low leverage. Ansem advises users not to rush to buy the dip.
The market is like the sea, where all talents gather, and whales churn the waters. Some awaken during liquidation, while others add to their positions in the bloodbath. True wisdom is never about buying the bottom but about surviving each cycle. Tonight, no one can escape the waves; tomorrow, only those who respect the market can continue to sail.
