Trader 0x0558 experienced significant losses as the market downturn led to the liquidation of parts of his Bitcoin (BTC) and Ethereum (ETH) long positions. The trader has fully closed his ETH longs and retains 640 BTC longs valued at $72.3 million. Just five days ago, his total profit exceeded $18 million, but it has now plummeted to $494,700, erasing nearly all of his gains.