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A market rebound has occurred, and the big whale holding a position worth over $230 million instantly turned the tide. Half a month ago, he was deeply trapped with a floating loss of $74 million, about to be forced into a small black room, but he stubbornly rebounded to break even. Now he has already made a profit of $26.82 million, and the entire rebound has contributed over $100 million in profit.
Interestingly, this trend did not follow the market expectations. Everyone was waiting for ETH to drop to around $2100 and then blow him out, followed by a rebound from the ashes. But what happened? That scenario never played out; it just went up 😂
Currently, this brother's long positions are valued at $825 million, with a leverage of 3.2x. In such a highly volatile market, holding such a position is both exciting and risky.