Crypto Whale Loses $30M After Powell Speech, Raising Questions About Long-Term Strategy

A cryptocurrency whale known for an impressive 100% winning streak has seen their portfolio plummet after a recent downturn in the crypto market. Since October 29th, they’ve experienced significant losses across multiple cryptocurrencies, reaching nearly $30 million in unrealized losses. While this marks a first-time dip for the whale and his impressive track record, the timing of the downfall coincides with the Federal Reserve’s interest rate decision that sent ripples throughout the market.