Look at this big whale with a 700 million level, just the transaction fees have already burned over 3 million USD, and the overall loss has exceeded 40 million USD. With such a huge hole, do you think they would easily admit defeat?

To be honest, at this level of loss, the mindset is no longer just about stop-loss. The focus is on the future trends of mainstream coins like BTC and ETH, combined with the volatility of potential coins like SOL. Large investors often gamble on a rebound to recover their losses. After all, they've fallen so deep; rather than cutting losses and exiting, they prefer to try to turn things around in the subsequent market.

This is the psychological game played by those market whales — the more they lose, the less they want to admit failure.