Major Longs Hit by Sharp Drawdowns: Big Target Bro Gives Back $93 Million, 48Clublan's Assets Shrink by $77.86 Million

Odaily report: According to monitoring by on-chain analyst Aunt Ai, the crypto market continued to decline from October to November, and several traders who had previously been bullish and accumulated large unrealized gains suffered major drawdowns. Among them, Big Target Bro had previously accumulated about $110 million in gains, but now has only about $17.76 million left, giving back roughly $93 million in profit; 48Clublan's account assets shrank by about $77.86 million in the past 30 days, with trading losses of about $91.36 million; an entity associated with Bit had previously accumulated more than $67.05 million in long gains from April to August, but is now sitting on an unrealized loss of about $50.75 million and still holds the relevant positions.

In addition, high-leverage traders on Hyperliquid also saw major profit drawdowns after the market reversed. Among them, James Wynn had peak profits of about $87 million but ultimately ended with a loss of $21.77 million; qwatio had peak profits of $26 million but ultimately saw the account wiped out; AguilaTrades had peak profits of $41.7 million but ultimately lost $37.6 million; and the "whale with a former 100% win rate" ultimately lost $30.02 million.