A whale experienced a significant pullback in the market downturn, facing a potential loss of over $7.6 million

BlockBeats2026/01/08 04:30

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BlockBeats News, January 8th, according to OnchainLens monitoring, as the market fell, whale address 0x10a experienced a severe pullback:

Its FARTCOIN and PUMP (both at 10x leverage) long positions experienced partial liquidation;
BTC long position has been fully liquidated, with a loss of about $1.69 million.

In just 2 days, the account balance of this address quickly changed from a profit of $5.8 million to a loss of about $1.87 million. Currently, the whale still holds FARTCOIN and PUMP long positions, with an unrealized loss of about $747,000, very close to liquidation once again.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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September is typically the worst-performing month for U.S. stocks, with the S&P 500's average monthly return at its lowest point of the year. Currently, option prices are also at their cheapest level of the year—combining these two factors makes the risk-reward ratio of buying downside protection particularly attractive.

智通财经•2026/08/31 22:56