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

2026-01-05 05:38:22

Abstract generation in progress

BlockBeats News, January 5th, according to HyperInsight monitoring, the “Long Basket of Fake Coins” whale (0xa2c) strategy has temporarily failed since November 17th due to opening timing issues. Since opening positions in November, its 22 long positions have been liquidated multiple times in late December due to market downturn, with losses reaching $6.19 million. The total holdings have sharply decreased from approximately $25 million to $233,000. Due to severe capital shrinkage, this address missed the market rebound in this round and failed to recover effectively. Additionally, this address has accumulated losses of over $42.7 million this year.

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