The "BTC OG Insider Whale" has seen its unrealized losses widen to $65.9 million.
TL;DR
The 'BTC OG Insider Whale' has seen its unrealized losses increase to $65.9 million, primarily due to a drop in Ethereum prices. It holds leveraged long positions in BTC, ETH, and SOL, with no recent trading activity.
Tags
On January 22, according to Hyperinsight monitoring, as Ethereum fell to the $2,900 level, the "BTC OG Insider Whale" saw its unrealized losses widen to $16.85 million. Since adding to its long ETH position five days prior, it has not made any further moves. Its current position is as follows:
• BTC long position (5x): Unrealized loss of $3.77 million
• ETH long positions (5x): Unrealized loss of $60.24 million
• Long position in SOL (10x): Unrealized loss of $1.89 million
• Cumulative funding costs: Loss of US$8.124 million
• Position value: $797 million