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Bitcoin's Fall Hits These Two Whales Deeply in 6 Altcoins: There is a Huge Loss! - Coin Bulletin
The sharp decline in the cryptocurrency market dealt a heavy blow to bulls trading with high leverage, and two major wallets experienced a total loss of 25.2 million dollars.
The recent declines in the cryptocurrency market have put investors who opened highly leveraged long positions in a difficult situation. In particular, the losses of two major wallets attracted attention.
According to Lookonchain data, the first wallet, 0x153C…319A, incurred a loss of $15.4 million by opening long positions in Bitcoin (BTC), Solana (SOL), HYPE, ONDO, Hedera (HBAR), Sui (SUI), and TRUMP tokens. The biggest loss occurred in the 280 BTC position, resulting in a loss of $8.2 million.
The second wallet, 0xeadc…9D55, experienced a loss of $9.8 million in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) positions. It was observed that 20x leverage was used in all transactions of this wallet, and it suffered a loss of $1.1 million especially from the 150 BTC position. The largest loss of the wallet was recorded as $2.4 million in the 3700 ETH position.