"Long a basket of altcoins" giant whale loses $42.7 million annually, missing out on this round of market after a large liquidation.

GateUser-6433627c · 2026-01-05T05:37:54+00:00

As of January 5th, monitoring shows that since November 17th, a giant whale strategy that was long on altcoins has been liquidated due to market downturn, incurring a loss of $6.19 million. The position size has plummeted to $2.33 million, with total losses exceeding $42.7 million this year.

GateUser-6433627c

2026-01-05 05:37:54

Abstract generation in progress

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.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.