According to HyperInsight monitoring, activity among leading traders has intensified since October, with volatile market swings driving liquidations at or near breakeven and sizable unrealized losses across portfolios amid shifting risk dynamics.

Notable cases in the dataset include an ETH long opened on November 7th that ultimately posted a two-month total loss of about $9.32 million, a ZEC short initiated November 20th liquidated at breakeven after a $6.25 million drawdown, and an ETH long from November 18th finishing with a net loss approaching $5.77 million after an intraday gain of $0.91 million.

Current unrealized positions show thin margins in select bets: Bestie Huang Licheng holds a small ETH long with about $0.15 million in unrealized profit after a broad 70-trade drawdown; a diversified altcoin basket sits with roughly $0.59 million in unrealized losses; a BTC OG Insider Whale carries a multi-million unrealized deficit of about $47 million; and a 1kx Fund-related ENA stake is down over 1,000%.

These patterns underscore the need for rigorous risk management and disciplined position sizing in crypto markets as traders navigate ongoing volatility and liquidity shifts.