$740 million large order stress test: BTC OG whale's unrealized loss expands to $54.5 million

【Blockchain Rhythm】On-chain monitoring data shows that a well-known BTC veteran recently took on a long position with a pressure of $740 million. This whale holder is currently in a somewhat awkward situation — unrealized losses have expanded to $54.5 million, and they have already paid $3.2842 million in funding fees. Interestingly, during yesterday’s market rally, this unrealized loss once narrowed to $25 million, indicating how much market volatility can impact their position.

Specifically, the distribution of this whale’s holdings is as follows:

ETH long position is the largest, holding $594.75 million, with an opening average price around $3,147.39, currently with an unrealized loss of $45.2 million. In comparison, the BTC long position is smaller, with an $87.38 million position, an opening price around $91,506.7, and an unrealized loss of $4.13 million. The SOL long position is $62.82 million, with an opening price of $130.19, and an unrealized loss of $3.78 million.

In terms of allocation, this player clearly favors ETH, with most of their funds concentrated in this direction. However, the current unrealized loss pressure is significant, and the upcoming market trend will be crucial to their position.