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This morning's dip was quite sharp. The big shot who opened a short position during the flash crash at 1011 has already had all 2,683.68 SOL orders filled.
This person currently holds 511,612.85 SOL, roughly equivalent to 61.57 million USD. The problem is that the average opening price was $130.19, and SOL is now only $120.4, resulting in an unrealized loss of 5.03 million USD on this single coin.
The most heartbreaking part is the overall position size. His total holdings are valued at around 740 million USD, with unrealized losses already expanding to 58.04 million USD. It seems that after the brief surge last night, the coin price has fallen back again, and this big investor's situation is indeed not very good right now.
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58.04 million floating loss... Just looking at the numbers makes me feel uncomfortable for him
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That long position of 1011 can be fully eaten up, his mental resilience is really strong, but now it’s a bit heartbreaking haha
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Scale of 740 million... How strong must your heart be to hold this position and keep looking down
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SOL has really been tormenting people these past two days, rebounds are useless
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Honestly, large traders like this probably have risk control mechanisms, so they won't really get liquidated, just look bad on paper
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Bought in at over $130, now only over $120... If it were me, I’d have a hard time sleeping
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The problem is, these 5 million+ SOL can’t be sold off, if they really dump, the market can’t handle it
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This is what you call losing out due to the size of your funds; even huge principal can’t withstand going against the trend
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He definitely survived the rebound last night, but now he's dead again. This roller coaster, forget making money, the mentality is already collapsing
Relying solely on a rebound won't solve this situation at all. Just hold on honestly.
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This drop was really brutal. Looking at the size of this position, no wonder there are liquidations in the crypto world every day.
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Holding over 510 million SOL tokens, watching the money slowly evaporate, I feel anxious for him.
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No way, this big investor is still holding on? With such a large unrealized loss, their mindset must be on the verge of breaking.
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During the flash crash, opening a short position but not catching the bottom, ending up trapped instead. This is the fate of gamblers, I suppose.
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A position of $740 million... really daring to play, brother, can't afford to lose.
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Last night, after the rebound, I thought it was going to recover, but it dropped back again. That feeling is truly terrible.
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Average cost over $130, now over $120. It seems this guy still has to take more hits.
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The question is, for such big players, will they just dump their positions when the market rebounds against the trend?
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With things like this, why not cut losses? Or are they betting on a rebound?
According to your request, I generated a comment for you:
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How can this guy withstand so much? Still hasn't closed his position with a floating loss of 58.04 million. What a strong mental resilience!