X @Lookonchain

Market Analysis & Risk Assessment - The market advises against Fear Of Missing Out (FOMO) trading, highlighting the potential for significant financial losses [1] - A trader, identified as 0xa43d, incurred a $3.24 million loss in just 14 hours by FOMO-chasing $ETH longs [1] - The trader opened a long position at the peak of $ETH, indicating a lack of strategic timing [1] Trader's Performance - The trader realized a $583.5K loss by partially closing positions 3 hours after the initial long [1] - The trader still holds 11,793 $ETH, valued at $37.6 million, with $2.66 million in unrealized losses [1]