A massive amount of traders were liquidated as BTC price dropped to $25,300, but was it primarily retail traders that were washed out?
There's a common belief among cryptocurrency traders that whales and market makers have an edge in predicting significant price shifts and that this allows them to gain the upper hand over retail traders. This notion holds some truth, as advanced quantitative trading software and strategically positioned servers come into play. However, this doesn't make professional traders immune to substantial financial losses when the market gets shaky.
Bitfinex margin traders are known for swiftly establishing position contracts of 10,000 BTC or greater, underscoring the involvement of whales and substantial arbitrage desks.
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