Whale's Empty Footsteps: Long Altcoin Strategy Gets Liquidated, Losing Over $40 Million in 8 Months

【Block Rhythm】 There is a big holder with a position of 25 million USD, who started betting on a basket of altcoins in mid-November, opening more than 22 long positions. It sounds ambitious, but what happened? The market started to dip, and he began to get hit.

By late December, this guy’s 22 positions were repeatedly liquidated during continuous declines, losing over 6.19 million USD in less than a month. Even more heartbreaking, after the funds shrank significantly, the position size plummeted from 25 million to just 2.33 million, a reduction of over 90%.

The worst part is: as the market rebounded in the New Year, other traders were recovering their losses, but this guy missed out because he ran out of money, watching the market rise helplessly while he couldn’t participate. According to statistics, this address has lost more than 42.7 million USD so far this year, a clear case of “total loss.”

Looking at this example, even big players must respect the market. If the timing of opening a position is wrong, no matter how much money you have, it’s all in vain.