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

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.