The bloodbath is REAL, and it’s playing out in slow motion for institutional giants who got caught riding the wrong wave. 💀 FG Nexus just became the latest cautionary tale of how even the smartest money can turn into exit liquidity for the market. According to Lookonchain, FG Nexus is sitting on a catastrophic LOSS of over $85 MILLION from their Ethereum treasury play. And the numbers are brutal. 🚨 Between August and September 2025, they accumulated 50,770 ETH at a hefty average price of $3,860, spending nearly $196 million to build that position. They were BULLISH, they were aggressive, and they believed in the thesis. But then came the panic. Starting in November 2025, FG Nexus began DUMPING their bags into a declining market. They’ve already offloaded 36,025 ETH for a paltry $83.92 million, averaging just $2,330 per ETH. That's a massive discount from their entry, and the psychological damage is clear: they were forced to sell into weakness, locking in devastating losses. 📉 This isn't just a bad trade; it’s a textbook example of how leverage, timing, and market psychology can destroy even a treasury-sized position. The lesson? Even whales get REKT when they buy the top and panic sell the bottom. The market doesn’t care about your thesis; it cares about your liquidity. 🔥 #FG #NEXUS #Ethereum #Treasury #Lookonchain #ETH #Crypto