Bonk Guy loses $3.5M as market pullback hits holdings with BONK 4h chart showing bearish EMA50 resistance and MACD death cross.

According to the source, more than 650 million in crypto positions were liquidated during the latest pullback, and BTC erased last week’s gains, highlighting a sharp reversal relevant for short-term traders (source).

According to @bobbyong, all 2025 crypto gains were given back to the market again, indicating a reset of year-to-date performance for at least some market participants (source: @bobbyong on X, Nov 17, 2025). For traders, this highlights recent negative price action consistent with portfolio drawdowns and emphasizes the need to recognize heightened whipsaw conditions in the crypto market (source: @bobbyong on X, Nov 17, 2025).