Background Information: According to reports from BlockBeats News and Ashes Monitor, a whale investor adopted a "buy the dip" strategy after James Wynn's position was liquidated, attempting to profit from the liquidation event.

Main Event: This whale investor went long on BTC and ETH twice following the liquidation of James Wynn's position, opening and adding to positions at midnight last night and 1 a.m. today, respectively. However, as prices continued to decline, the investor chose to cut losses and close the positions two and a half hours ago, resulting in a loss of 17.08 million USD on this long trade.

Impact and Significance: This stop-loss reduced the whale's profits over the past 21 days from 30 million USD to 13 million USD, highlighting the significant impact of market volatility on large investors.

MAG7.SSI

BlockBeats News, June 6th. According to Ashes Monitor, a whale engaged in a tactic known as "buying the dip" after a liquidation event in James Wynn's position, regaining $17.08 million in profit through a liquidation cascade that occurred two and a half hours prior. The whale executed this strategy twice after liquidation events in James Wynn's position, going long on both BTC and ETH. The strategy involved capitalizing on the liquidation event: he opened a long position right after James Wynn's position was liquidated yesterday at midnight, and added to his position after James Wynn's position was liquidated and closed today at 1 a.m. However, as the price continued to drop, he chose to cut his losses and close his position two and a half hours ago. This decision resulted in a $17.08 million loss on this particular long trade. Following this profit-taking event, his profits in the last 21 days have decreased from $30 million to $13 million.

Whale investors bought the dip after James Wynn's position was liquidated, ultimately incurring a loss of 17.08 million USD.

Whale investors bought the dip after James Wynn's position was liquidated, ultimately incurring a loss of 17.08 million USD.