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Open original source ↗An observation about TradFi vs Crypto.
Whales in TradFi would put big trades on and *hope* their directional bias would leak and then become the market expectation.
In DeFi, whales put big trades on and their actions are immediately syndicated and amplified automatically on social media causing their directional bias to become the market expectation.
Quoted context
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BREAKING: MASSIVE #BITCOIN WHALE TURNS BEARISH. A single trader just opened a massive $420 million short on $BTC through Hyperliquid. He deposited $80 million in USDC and used over 5x leverage to bet against BTC. On top of that, he transferred $50 million to Binance, likely to continue shorting there too. This whale is going all-in on a massive Bitcoin dump. They know something…
JacobKinge ↗