A certain whale experienced a severe drawdown during the market downturn, with potential losses exceeding $7.6 million.

On January 8, according to OnchainLens monitoring, as the market declined, the whale address 0x10a experienced a severe drawdown: its FARTCOIN and PUMP (both 10x leverage) long positions were partially liquidated; the BTC long position has been fully liquidated, with a loss of approximately $1.69 million. In just 2 days, the account’s profit turned from a gain of $5.8 million to a loss of about $1.87 million. Currently, the whale still holds FARTCOIN and PUMP long positions, with an unrealized loss of approximately $747,000, very close to being liquidated again.