BTC Strategy Sees Unrealized Gains Fade, ETH Holdings Suffer Increased Losses: Market Analysis

Market Overview

According to recent monitoring data from on-chain analyst Yujin, the current positions of some institutions include:

• Strategy: BTC prices have approached its cost line, holding 712,600 BTC with an average cost of $76,037. Current unrealized gains have nearly disappeared, and if prices drop another $3,000, it will officially enter losses.
• Tom Lee's Bitmine: Holds 4.243 million ETH with an average cost of $3,849. Despite ETH's current price of $2,400, unrealized losses have reached $5.92 billion, with losses exceeding one-third (-36%).
• Yi Lihua's Trend Research: Holds 651,500 ETH with an average cost of around $3,180, currently facing $475 million in unrealized losses. Due to leverage from borrowing, the liquidation price for these ETH positions is around $1,880, approximately $570 below the current price.

Outlook

As market volatility intensifies, institutional investors must closely monitor their positions and potential liquidation risks. Investors should remain cautious in the current environment and manage risks prudently.