PANews reported on June 23 that according to Lookonchain monitoring, due to the market collapse, the long positions of the giant whale 0x7e8b with a size of 965 BTC (US$97.5 million) and 12,024 ETH (US$26.22 million) were liquidated, with a loss of more than US$3.5 million.
But after the liquidation, he re-entered the market with a 40x long position in BTC and currently has $1.06 million in unrealized profits.

Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more

