Early bulls in optical communications liquidated for two consecutive days, losing nearly $700,000.

BlockBeats news, November 4th, according to TradingBeats monitoring, the whale starting with 0x45c3 had its entire MRVL long position forcibly liquidated yesterday, and today its LITE long position was liquidated again. Two old long positions held for over two months were successively liquidated, with a cumulative forced liquidation transaction value of approximately $1.7286 million and an actual loss of approximately $684,300 (including trading fees, excluding funding fees).

Both long positions in this account were established in August and had not been reduced since.

MRVL: The whale bought at an average price of $244.47 on August 20th and did not reduce the position for about 74 days. Last night, the entire position was forcibly liquidated at an average liquidation price of approximately $174.04, with a transaction value of approximately $746,400 and a loss including fees of approximately $302,100.

LITE: The account first opened this position on August 6th with a holding cost of approximately $907.04. After the last add-on on August 13th, it was not adjusted for over 82 days. In the past hour, this long position was also fully liquidated at an average liquidation price of approximately $653.01, with a transaction value of approximately $982,300 and a loss including fees of approximately $382,200.