Big buys don’t always mean smart buys. $343M deployed with a $118M drawdown suggests poor timing, lack of risk management, or simply betting on narratives that haven't played out yet. Curious to see if they’re averaging in or just catching falling knives
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The first time of the big cake is 70,000, ether is 4,000 The second time of the big cake is 70,000, ether is 3,900 The third time of the big cake is 70,000, ether is 3,300 The fourth time of the big cake is 70,000, ether is 2,500 Big cake is forever, all others are finished
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