According to Lookonchain, trader 0x2258 attempted to countertrade @JamesWynnReal by going long on $ETH and $BTC after JamesWynnReal's liquidation, expecting a rebound. However, as both Ethereum and Bitcoin prices continued to decline, 0x2258 was forced to close out his long positions, resulting in a realized loss of $388,000 (source: Lookonchain via X.com, June 6, 2025). This incident highlights the risks of rebound trading strategies and serves as a caution for crypto traders relying on liquidation events as entry signals, especially in volatile market conditions.