Just now, during Ethereum’s sharp drop, this savvy trader directly closed a long position of 7,925 ETH. With this move, he took a realized loss of $740,000.

However, his mentality is truly steady. Right after closing out, he turned around and bought another 1,600 ETH, which shows he’s still bullish on the market. Judging by this trading style, he might even continue to add more positions later on.

The approach of such big players is quite interesting—decisive stop-losses, but still holding onto their conviction. When the market is volatile, this kind of rapid adjustment strategy is also a way to cope.