BlockBeats News: On January 8th, according to Hyperinsight monitoring, as the market declines, a whale address with "$8 million long on 11 altcoins" experienced a drawdown in unrealized gains, with floating profits narrowing to $1.75 million from a previous high of over $3.3 million.
The address deposited 8 million USDC margin to Hyperliquid on January 1st, subsequently opening long positions on: IP, XPL, STBL, MON, PUMP, GRIFFAIN, VVV, AIXBT, HEMI, MAVIA, STABLE. Recently, it added additional long positions on BTC, STBL, FARTCOIN, HYPE, TRUMP, and LIT.
Currently, the BTC long position has unrealized gains of $360,000, representing the largest profit position; the HMSTR long position has unrealized losses of $23,000, representing the largest loss position.
