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Whale that slept for 20 months forced to cut losses, LIT long positions liquidated with a loss of $760,000
【Blockchain Rhythm】On January 5th, on-chain monitoring showed that a large holder who had been dormant for over 20 months suddenly appeared and directly closed their LIT long position. This trade resulted in a significant loss, with a single transaction losing $767,000.
What’s even more heartbreaking is the overall account status of this whale — the accumulated profit has dropped from a peak of $3 million to just $420,000. It’s like their previous gains have been cut by 20%. This shift from massive unrealized gains to actual losses reflects how much pressure long-term holders are facing amid current market volatility. The movements of such on-chain whales often reveal the true attitude of market participants.