A trader known as “Cool-headed Whale” has made adjustments to its positions in order to average down on long positions in Bitcoin and Solana. The trader has also purchased spot assets to defend its investments, nearly reversing an $8 million profit. This strategy reflects a proactive approach to managing market fluctuations in the cryptocurrency space. By averaging down, the trader aims to lower the average cost of its long positions, potentially positioning itself for future gains as market conditions evolve.
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