Garrett, the insider who lost $600 million yesterday, is now history. Today, a new whale has joined the "hunt list," betting a whopping $160 million on long positions—note that he's using a cross-margin strategy, simultaneously long on BTC, ETH, and SOL. If the market drops by 10%, his ETH liquidation price will skyrocket. Even as I'm typing this, his liquidation price has already risen from $1586 to $1597. Imagine how nervous he'll be when the market crashes! The Dark Forest Law states that once your holdings are exposed, you'll be targeted and eliminated! The essence of finance is predatory; it only sees newcomers laughing, and who ever hears the cries of the old guard? Hyperliquid address hyperbot.network/trader/0x94d3...… I'm terrified he'll suffer the same fate as Garrett, the insider. I hope he's alright.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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