22 Altcoins Long Positions Suffer $4.06M Loss; Only LINEA Profits
A recent data report from Aiidai reveals that a basket trading strategy long on 22 altcoins has accumulated an unrealized loss of $4.06 million. Out of the 22 tokens, only the Layer-2 project LINEA’s token (LINEA) remains in positive territory. The heaviest position, HYPE, with a capital allocation of $4.64 million, shows the largest unrealized loss of $1.303 million. This altcoin basket strategy loss underscores mounting selling pressure across most altcoins, while LINEA’s relative strength stands out. Traders should watch for potential deleveraging events, as significant unrealized losses in altcoins may trigger further market correction.
Bearish
The substantial $4.06M unrealized loss across 22 altcoins signals growing selling pressure and negative sentiment among traders. Historically, when basket trading strategies record significant floating losses, market participants often deleverage or liquidate positions, intensifying downward price momentum. Only LINEA’s resilience stands out, but wide-scale losses in other altcoins suggest near-term bearish pressure. In the long term, if losses trigger margin calls, it could accelerate market corrections before new buying interest returns.