Based on BlockBeats, as of December 19, HyperInsight monitoring shows that since October, multiple well-known whales and traders have suffered significant losses or exited the market amid volatility. For example, a whale who strongly bet on ETH after the October 11 crash lost $2.28 million on a final ETH long position on November 7, and exited after a total loss of $9.32 million over two months. Another whale, known for a $97 million ZEC short position, lost $560,000 on a final ZEC short on November 20 and exited after a 30-day loss of $6.25 million. Other notable losses include a BTC long whale who lost $5.77 million over 30 days, and a 1kx fund co-founder-related address that lost $6.18 million over two months. Several traders remain in the market but are facing large floating losses.
Multiple Notable Whales Suffer Major Losses, Totaling $200M in Losses
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Summary
On-chain trading signals reveal major losses for several high-profile crypto whales, totaling $200 million since October. A whale who aggressively bought ETH after the October 11 crash lost $9.32 million over two months, exiting with a $2.28 million loss on November 7. Another, known for a $97 million ZEC short, lost $6.25 million in 30 days, including $560,000 on a final short. A BTC long whale lost $5.77 million in a month, while a 1kx fund co-founder-related address lost $6.18 million in two months. Value investing in crypto remains challenging as volatility continues to erode positions.
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