Recent market volatility has highlighted the risks of copy trading, even when following high-profile 'whale' traders. An address identified as 0x955…396A8 attempted to capitalize on a market rebound by going long on Bitcoin this morning. However, a rapid downturn by 12:23 PM led to a panic sell-off, resulting in a $217,000 loss within just four hours.
Similarly, another address, 0x960…0e2Ee, pursued a strategy of buying Bitcoin and Ethereum at a peak price of $115,372.8 on October 27. Despite holding positions worth up to $36.87 million, the trader succumbed to pressure and liquidated during a decline, incurring a $1.061 million loss in 24 hours. These cases underscore the challenges of maintaining discipline and the unique financial and risk profiles of individual traders, emphasizing that consistent success in trading is elusive.
Whale Copy Trading Fails Amid Market Volatility
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