Meet the dip catcher. 😉

This is one of those moments where execution speaks louder than hype.

Roughly 11 hours ago, a new whale wallet appeared on-chain, depositing $2,566,350.81. What followed was a sequence of fast, calculated trades—testing the waters before committing to the real move.

The session started with short-term positioning:

A 1,000 $ETH long, held for about 43 minutes, closed for a $15,924 profit

A quick ETH short attempt right after, resulting in a small loss

Then a 50 $BTC long, which moved against him and was closed after just over an hour for a $214K loss

After the early volatility, the strategy shifted.

The whale consolidated into a single high-conviction position:

BTC long, 20× leverage

300 $BTC total, valued at approximately $23.63 million

Entry: ~$77,270

Current price: ~$78,774

That puts the position at an unrealized profit of ~$450,900, up nearly 38%, with a liquidation level comfortably lower at $70,425. Funding costs remain negligible.

With total perp exposure holding at $23.63M, the PnL curve has flipped decisively green after a sharp drawdown—textbook dip execution.

This is why traders call it a perfect dip catch.

Not because it’s risk-free—but because it’s controlled.