The crypto market is declining, and multiple contract whales are experiencing massive losses.

[Block Rhythm] On August 20, according to on-chain data, as the recent cryptocurrency market continues to decline, several well-known futures trading whales have experienced significant losses in their positions, with specific data as follows:

· "Maji Brother" Huang Licheng has lost over 12.7 million USD in the past week;

· James Wynn lost $13,000 in the past week;

· Losses exceeding 6.87 million dollars in the past week;

· "125,000 USD rolling position to go long on ETH to 6.99 million USD" The Whale's two addresses have incurred losses of 11.5 million USD and 24.5 million USD respectively in the past week;

· The "insider Whale" has not conducted any transactions in the past week, and the assets in the address have depleted to zero, with a loss of 2.8 million dollars over the past month.