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"Long a basket of altcoins" giant whale loses $42.7 million annually, missing out on this round of market after a large liquidation.
On January 5, according to HyperInsight monitoring, the “Long Basket of Altcoins” whale (0xa2c) strategy has temporarily failed since November 17 due to poor timing of opening positions. Since opening positions in November, its 22 long positions have been liquidated multiple times in late December due to market downturn, resulting in a loss of $6.19 million. The total holdings have sharply decreased from approximately $25 million to $233,000. Due to severe capital reduction, this address missed the market rebound in this round and was unable to effectively recover. Additionally, this address has accumulated losses of over $42.7 million this year.