The "CZ counterparty"whale long and has already paid over $3.11 million in funding fees.
TL;DR
A whale with large altcoin long positions has incurred significant losses, including over $3.11 million in funding fees, despite a small profit on one position.
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[“CZ’s Counterpart”whale long Losses, Over $3.11 Million in Funding Fees Paid] According to Mars Finance, on December 30th, Hyperinsight monitored a whale (0x9eec9) that short ASTER after CZ revealed his holdings. The whale currently holds $248 million worth of Altcoin long positions, with an overall unrealized loss of $28.24 million and has already paid $3.119 million in funding fees. Specifically, the 15x leveraged ETH long position is approximately $170 million, with an unrealized loss of $11.91 million; the 10x leveraged XRP long position is approximately $72.47 million, with an unrealized loss of $16.53 million; and the 10x leveraged HYPE long position is approximately $5.94 million, with an unrealized profit of $200,000.