This time the sharp drop resulted in a loss of over 50% of assets, and the losses for the whales are also quite exaggerated.
Saylor has an unrealized loss of over 10.1 billion USD, and Tom Lee has an unrealized loss of over 8.65 billion USD.
According to on-chain monitoring, as the market declines, both Saylor and Tom Lee, the two major whales, have unrealized losses of several billion dollars.
In terms of Bitcoin, as the price of Bitcoin dropped below 61,000 USD, Saylor's loss exceeded 10.16 billion USD.
In terms of Ethereum, as the price of Ethereum dropped below 1,800 USD, Tom Lee's loss exceeded 8.65 billion USD.
Almost everyone is losing money, let alone making a profit.
Now we just have to see if the activity of @Plasma Plasma can recover a little bit, with the launch of the pBTC bridge, BTC has officially become a 'first-class citizen' in Plasma.
It's not a wrapped token with centralized risk; instead, it's a 1:1 non-custodial mapping. You can use BTC as collateral to borrow stablecoins on Aave, or even pay for tolls directly with it. This means that over 900 billion USD of Bitcoin liquidity has been introduced into Plasma's payment engine.
Now Plasma has combined Bitcoin and stablecoins, and the innovation is commendable.
Hopefully, this time 60,000 is the golden bottom, and the market can reverse.
