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$45B to $10B
The month runs on one clock: the number falls down the frame, shrinking as it goes, and leaves its starting point struck through behind it.
From the article Situational Awareness: The $45 Billion Blowup →SourceReported fund value, July 1 – July 30, 2026 (CNBC, WSJ). A fall in fund value, not a net return figure.