[Coin World] According to on-chain data monitoring, a well-known Whale in the BTC space is currently facing some pressure on its long positions. This Whale's total long order exposure has exceeded $730 million, but the overall unrealized losses have expanded to over $41 million.
Specifically, this Whale's position is distributed across three major mainstream coins. The ETH side has taken the most aggressive approach - a 5x leveraged long order totaling 605 million USD, unfortunately, the opening price was 3147.39 USD, and it has already lost 35.25 million USD. The BTC position is relatively conservative, with a 5x leveraged long order valued at 88 million USD, but it hasn't escaped the fate of losses either, with an opening price of 91506.7 USD, currently facing unrealized losses of 3.5 million USD. On the SOL side, there is a 5x leveraged long order of 38 million USD, with an opening price of 135.2032 USD, and unrealized losses of 3.05 million USD.
It seems that this veteran player has misjudged the direction this time. In the current market, the movement of such a large scale of long positions is worth paying attention to — after all, any adjustment of these large positions could cause ripples in the market.
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CounterIndicator
· 12-21 06:04
730 million directly 50% Slump, how tough does this Whale have to be to hold on?
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SchrodingerGas
· 12-21 06:01
$730 million chopped down, the market is likely to tremble
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Is ETH the biggest loser? This indicates that this rebound has no consensus at all
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$41 million unrealized losses; from a gaming perspective, he either averages down or cuts loss, both paths can stir the market data
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This is the most honest part of on-chain data; the dilemma of the leading players is the turning point of the market
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Can the big whale that is trapped dare to add more? This tests risk preference or forced holding
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With such large unrealized losses on leveraged positions, how far is the liquidation distance? It depends on the margin level
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Reasonable; long positions are overcrowded, and the adjustment comes quite timely
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Trapped with $41 million and still holding on, either has patience or is helpless
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Is SOL also trapped? This indicates that the upward trend of the Solana ecosystem is not as stable as imagined
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Waiting for him to get liquidated is the signal for the market to buy the dip; no matter how you calculate, there is arbitrage space
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MEVHunterLucky
· 12-21 05:56
Wow, 730 million directly with a 50% Slump, this guy must be under a lot of pressure.
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WenMoon42
· 12-21 05:55
Damn, 730 million has fallen like this... even the Whale can't hold on.
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EthSandwichHero
· 12-21 05:51
Wow, this Whale must be really resilient, holding onto an unrealized loss of 41 million like this?
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Is ETH the biggest loss? Time to buy the dip, right, frens?
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The 730 million long positions are about to move, the market might just tremble a bit
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If this Whale decides to dump, I'll just average down, that's how I play it anyway
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Is this for real, only an unrealized loss of 41 million? As a small retail investor, I feel like I'm losing even more
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ETH is the hottest asset right now, let's see how he handles it
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I say that more and more big players are starting to crack under pressure
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Long positions' dilemma = my buying opportunity, isn't it?
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This guy might have to Cut Loss soon, let's wait to catch a falling knife.
Whales with $730 million in long positions are in trouble, with unrealized losses on ETH, BTC, and SOL leveraged positions exceeding $41 million.
[Coin World] According to on-chain data monitoring, a well-known Whale in the BTC space is currently facing some pressure on its long positions. This Whale's total long order exposure has exceeded $730 million, but the overall unrealized losses have expanded to over $41 million.
Specifically, this Whale's position is distributed across three major mainstream coins. The ETH side has taken the most aggressive approach - a 5x leveraged long order totaling 605 million USD, unfortunately, the opening price was 3147.39 USD, and it has already lost 35.25 million USD. The BTC position is relatively conservative, with a 5x leveraged long order valued at 88 million USD, but it hasn't escaped the fate of losses either, with an opening price of 91506.7 USD, currently facing unrealized losses of 3.5 million USD. On the SOL side, there is a 5x leveraged long order of 38 million USD, with an opening price of 135.2032 USD, and unrealized losses of 3.05 million USD.
It seems that this veteran player has misjudged the direction this time. In the current market, the movement of such a large scale of long positions is worth paying attention to — after all, any adjustment of these large positions could cause ripples in the market.