Whale's Unrealized Losses Surge Amid Crypto Market Downturn
According to Hyperinsight monitoring, on January 21 the overall weakness in the crypto market led to a rapid expansion of unrealized losses for the 'BTC OG Insider Whale'. The whale's total long position currently stands at a massive $814 million, with unrealized losses now reaching $49 million.
Breakdown of Whale's Positions
Below are the details of the whale's major long positions:
- Ethereum long position valued at $660 million, with an unrealized loss of $44.88 million, opened at a price of $3,161.85;
- Bitcoin long position worth $89 million, with an unrealized loss of $2.64 million, opened at a high price of $91,506.7;
- Solana long position valued at $65 million, with an unrealized loss of $1.49 million, opened at $130.191.
Accrued Funding Fees Add Pressure
In addition, the whale's accumulated funding fees have reached $8 million, further increasing the overall loss pressure. Market analysts suggest that if the downtrend continues, the whale may face even greater risks.