It is said that it's hard to double in a bull run, but this guy has proven through actual actions: a 50% slump in a Bear Market is really not difficult.

On-chain tracking has identified two suspected associated wallets (...c57BF and ...b36db), which have gradually accumulated 417,000 LINK at an average price of around 23 bucks from December last year to February this year. I thought I could profit, but after holding for nearly a year, I recently transferred 376,000 LINK to a major exchange, which, at a price of 12 bucks, resulted in a direct loss of nearly 4 million bucks.

23 dollars to build a position, 12 dollars to cut losses - this operation can be described as textbook-level high buying and low selling. The market is this cruel; even whales have to pay tuition.

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RegenRestorer

· 12-02 05:09

Bought at 23 and sold at 12 after a year, what a strong mindset haha.

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OnchainFortuneTeller

· 12-01 15:32

From 23 to 12, this is our daily life, haha Wait, 4 million dollars just disappeared like that? I need to learn this brother's Cut Loss technique Alright, another "I'm here to teach you how to lose money" case Even Whales have to pay tuition, we retail investors just get an annual VIP pass This operation is indeed amazing, catching a falling knife at a high position and cutting loss at a low position, perfectly illustrating what a Reverse Indicator is I remember, it was around that time last year that we should have been bearish on LINK.

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CryptoNomics

· 12-01 15:29

ngl, this correlation matrix between entry timing and liquidation events is *chef's kiss* — textbook example of survivorship bias mixed with poor position sizing. the dude literally ignored basic kelly criterion. anyway, -48% drawdown isn't even statistically significant in the macro context... *sigh* another whale confusing hodling with strategy.

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SmartContractPlumber

· 12-01 15:24

Look at this operation, it's a typical case of chasing the price and killing low. 4.01 million dollars just disappeared like that, and even an audit can't save such a human decision-making loophole — I've seen integer overflow in contract code, but this guy's account management model itself has design flaws in permission control. Without proper risk checks, the position planning is practically nonexistent; this isn't the cruelty of the market, it's a failure of self-upgrade.

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LongTermDreamer

· 12-01 15:15

Haha, this guy is really something. He bought 376,000 LINK at $23, and after holding it for almost a year, he had to cut loss at $12. I wonder how strong his psychological quality must be... no, it should be how weak his psychological quality is. But think about it, stories of catching a falling knife at these high levels come around every three years. Who knows what the next bull run will be like? Maybe this is what he calls the highest realm of long-term holding?

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FastLeaver

· 12-01 15:12

Haha, even whales can have accidents, their mindset must be collapsing now.

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MEVHunterLucky

· 12-01 15:10

Hiss... This is why I look at on-chain data every day, 4 million dollars just evaporated like that, it's really hard to watch.

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