Published 07/21/2024 11:22:00 a.m.

Crypto trader capitulates from a $2 million position, joins whales' trend

Summary by Finbold

A cryptocurrency trader deposited $2.1 million worth of Synthetix (SNX) to Binance on July 20, capitulating from their entire SNX position with approximately $254,000 of realized losses. SpotOnChain data shows the capitulation activity from the whale address ‘0x921‘, suggesting the trader believes in further losses for Synthetix. Usually, crypto whales can have a strong influence on cryptocurrencies‘ price dynamics, so they are worth following f…

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Crypto trader capitulates from a $2 million position, joins whales' trend

A cryptocurrency trader deposited $2.1 million worth of Synthetix (SNX) to Binance on July 20, capitulating from their entire SNX position with approximately $254,000 of realized losses. SpotOnChain data shows the capitulation activity from the whale address ‘0x921‘, suggesting the trader believes in further losses for Synthetix. Usually, crypto whales can have a strong influence on cryptocurrencies‘ price dynamics, so they are worth following f…

07/21/2024 11:22:00 a.m.

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