「Whale Loses $42.7 Million in Annual P&L Betting Long on Shitcoins, Misses Out on This Leg of the Bull Run After Massive Liquidation」

BlockBeats News, January 5th, according to HyperInsight monitoring, the whale (0xa2c) who implemented the "long a basket of altcoins" strategy starting on November 17th may have temporarily declared the strategy a failure due to the timing of opening positions. Since the opening of positions in November, its 22 long positions have been liquidated multiple times in late December due to the market downturn, with losses amounting to $6.19 million. The total position size plummeted from about $25 million to $2.33 million. Due to a significant loss of funds, the address was unable to take advantage of this round of market rebound and failed to recover effectively. Additionally, the address has accumulated losses of over $42.7 million this year.