THE $2.3M TENNIS WALLET IS BACK AT THE US OPEN. And the interesting part isn't that this wallet avoids favorites. It backs them everywhere. «Carlos Alcaraz at 80¢ | $25,029 Alex Michelsen at 81¢ | $12,645 Peyton Stearns at 70¢ | $16,540» Safe picks. Heavy favorites. Nothing crazy. But then there's the biggest position on the entire book: «Martin Landaluce at 54¢ | $41,707» That's where it gets interesting. It's not about who they pick. It's about how much they put behind each pick. They risked more on Landaluce at 54¢ than on Alcaraz at 80¢. A wallet up $2.2M all-time making its biggest bet on the least certain price suggests they believe the market is mispricing Landaluce. And so far, it's working. 54¢ → 69¢ +27% already. Are they seeing something the market missed, or is this wallet simply on another hot streak?
TolikShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.