The fund cc, there is no lol fund with excess money that long has a liquidation price

Whale 500 Million USD Is Breathing Oxygen While Holding a Loss of Over 100 Million USD Because of Early Bottom Fishing

Brothers who are complaining about losses of a few hundred dollars, look here for some comfort!

Garett, a whale managing a fund of over 500 million USD, is officially at the peak while his account is down by 100 million USD.
In just the last 24 hours, this guy's wallet has lost 63 million USD, a staggering number.

What’s noteworthy is that Garett is not clueless. He is the one who made a fortune from a short position right before the crash on October 10th. However, the market does not spare anyone, and now he has to pay back the money to the market.

The reason for this mess is due to overconfidence in his argument:

Garett believes that the influx of money from the rising precious metals will certainly flow into Crypto, especially $ETH but life is not as dreamlike, the market is punishing those who are overly optimistic.

In general, never love any asset too much. Even when your analysis sounds okay, the market can still go against you for longer than you can hold the loss.

In your opinion, will Garett be liquidated or manage to hold on until he recovers?

This article is for reference only, it is not investment advice. Please read carefully and consider thoroughly before making any decisions.