Long Whale Positions Sink into Deep Losses
According to HyperInsight data as of January 20, all top 30 long whale accounts on-chain are suffering significant unrealized losses. The largest holder (address 0x082e), believed to have had early market insight, currently holds approximately $31.9M worth of assets but faces a staggering $21.3M loss (-337%) due to an average cost basis of $38.67 per unit. This whale's liquidation threshold stands at around $20.13.
Second Largest Holder Also Struggles
The whale that faced $26M in liquidations on December 18 now ranks as the second-largest holder on-chain. With current holdings valued at about $13.06M, this position shows a $4.61M loss (-177%) at the same $38.67 average cost. Its liquidation price is currently set at $21.30.
Multi-Million Position Nears Liquidation
The whale most immediately at risk (address prefix 0x1c2) faces critical pressure. With a liquidation price of $22.32, this position requires just a 2.87% further drop to trigger automatic liquidation. Holding approximately $11.14M in assets, this whale already shows $910K in unrealized losses (82% of position value).
- Simultaneously holds BTC long position in cross-margin mode
- BTC position also shows significant unrealized losses approaching liquidation
- Combined margin position faces high liquidation probability if correlated assets drop more than 2% simultaneously
As market volatility persists, the liquidation risks among on-chain whales are intensifying, potentially creating cascading effects across market sentiment.