Early long positions in the Guangtongxin crypto asset were liquidated over two consecutive days, resulting in losses of nearly $700,000.

According to TradingBeats monitoring, the large whale wallet starting with 0x45c3 had its entire MRVL long position liquidated yesterday, and its held LITE long position was also liquidated today. Two old long positions held for over two months were cleared in succession, with total liquidation trading volume of roughly $1.7286 million, and actual losses of approximately $684,300 (including transaction fees, excluding funding fees). MRVL: The whale bought MRVL at an average price of $244.47 on August 20, and did not reduce its position for about 74 days afterward. Last night, the entire position was forcibly liquidated at an average price of around $174.04, with a trading volume of about $746,400, and a loss of roughly $302,100 including fees. LITE: The account first opened a LITE position on August 6, with a holding cost of approximately $907.04. After its last position addition on August 13, it did not adjust the position for over 82 days. In the past hour, this long position was also fully liquidated, at an average liquidation price of around $653.01, with a trading volume of about $982,300, and a loss of roughly $382,200 including fees.