According to on-chain data, as the cryptocurrency market continues to decline recently, several well-known contract trading whales have incurred significant losses. The specific data is as follows:
· "Brother Ma Ji" Huang Licheng has lost over $12.7 million in the past week;
· James Wynn has lost $13,000 in the past week;
· Over $6.87 million lost in the past week;
· The two addresses of the whale that "rolled over $125,000 to go long on [ETH] to $6.99 million" have incurred losses of $11.5 million and $24.5 million respectively in the past week;
· The "insider whale" @qwatio has not conducted any transactions in the past week, and the assets in the address have gone to zero, with losses reaching $2.8 million in the past month.
The recent drop has knocked down the two major bulls that the market has been paying attention to.
"Brother Maji" Huang Licheng's long position is facing a floating loss of 13.68 million dollars. His current largest position is a 25x Ethereum long, with a position value of 98.98 million dollars, a floating loss of 11.85 million dollars, and a liquidation price of 3,115 dollars.
Another whale, who had a "$125,000 rolling long position," closed out after suffering huge losses and now has less than a million in their account.
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