"BTC OG Insider Whale" is close to turning a profit again, with its SOL long positions showing a floating profit of $6.89 million.
TL;DR
As Bitcoin surged past $92,000, the 'BTC OG Insider Whale' is nearing profitability with a $5 million floating profit, driven by a $6.89 million gain on SOL longs, but still needs more gains to offset fees and losses.
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On January 13th, according to Hyperinsight monitoring, as Bitcoin rebounded and broke through $92,000, the "BTC OG Insider Whale" is once again close to turning a profit, with its overall position currently showing a floating profit of $5 million, including:
• BTC long position (5x): Unrealized loss of $2.39 million
• ETH long position (5x): Unrealized profit of $632,000 • SOL long position (10x): Unrealized profit of $6,890,000
With a total position size of $800 million, the account has already paid $6.13 million in funding fees since this order was placed. This means it still needs to wait for further market gains before its account can truly turn a profit.