Influenced by macroeconomic sentiment and intense market volatility, the cryptocurrency market has experienced a significant correction over the past 24 hours. Latest data from OKX indicates that Ethereum (ETH) broke through the $2,700 mark to hit a low of $2,673 (-9.46%), while Bitcoin (BTC) saw a sharp drop to $81,116.
Market Carnage: Major Whales Liquidated
The aggressive downturn has severely impacted high-leverage positions across the network. According to on-chain analyst @ai_9684xtpa, two aggressive "whale" addresses were liquidated successively, resulting in a total loss of $146 million. These two orders alone accounted for 8.4% of the total network liquidations in the last 24 hours.
- Hyperliquid: An ETH long position was liquidated, valued at $65.14 million.
- A BTC long position was liquidated during the price crash, valued at $80.58 million.
Additionally, data from analyst Ember shows that even large holders avoiding liquidation are facing severe drawdowns. A prominent "whale" account, which held a floating profit of $142 million just two weeks ago, has flipped to a floating loss of $83.57 million as ETH fell below $2,800. This account currently holds 212,000 ETH with an average entry of $3,149, with a liquidation point looming near $2,280.
Winbay Account Status: Safe and Strategic
In sharp contrast to the widespread market turmoil and the liquidation of aggressive positions, Winbay confirms that our accounts are operating under a strictly managed risk profile.
1. Safety Confirmed: Winbay accounts remain well within the safe range. The current market crash has not breached our risk thresholds, and our capital reserves are secure.
2. Strategic Execution: Unlike the speculative trading seen in the broader market, Winbay employs a prudent investment strategy and remains strictly within safety limits. Facing this market correction, we require time to execute operations to lower our average holding price, thereby positioning us to steadily achieve our profitability targets during the subsequent market movements.
To Our Clients: Please do not worry about temporary market fluctuations. Our risk management protocols are designed exactly for scenarios like this. We kindly ask for your patience as we optimize our entry points during this period to secure future returns.
