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Amidst market turbulence, a well-known whale account has experienced a rollercoaster ride. In just two days, this major holder's paper profits of $5.8 million turned into a loss of approximately $1.87 million. It sounds quite heartbreaking.
Specifically, the long positions on BTC have been completely liquidated, resulting in a loss of $1.69 million. The operations on FARTCOIN and PUMP are even worse—they are both 10x leveraged long positions, which have now partially liquidated, with unrealized losses soaring to $747,000. This figure is already close to the liquidation threshold; another dip could trigger a second liquidation.
From profit to loss, a significant market correction intervened. This is also why some say that in high leverage environments, the market turning can instantly rewrite an account’s story.