According to the latest monitoring data released on January 29, the 'BTC OG insider whale,' which had previously drawn significant market attention, is once again making headlines. The address executed a large-scale buying spree on January 28, but the subsequent market downturn caused its long position, valued at $704 million, to incur an unrealized loss of $84 million.
Notably, within just the past two hours, the whale's long position suffered a drawdown of $53 million, sparking widespread discussion among investors. Analysts suggest this might highlight the continued high volatility in the crypto market, making it challenging even for seasoned 'whales' to completely avoid risks.
Nonetheless, some industry insiders believe that such short-term fluctuations do not necessarily signal a reversal of long-term trends. For long-term holders, market volatility is more of a test of patience than an insurmountable obstacle.