2025-12-29 15:23:45

A well-known on-chain monitoring team recently discovered that a seasoned BTC trader's massive long position is under pressure. This veteran whale currently holds cross-chain assets worth $740 million, with notable positions in three major cryptocurrencies.

Specifically, the ETH long position is the largest, with a book value of $594.75 million. When entered, the ETH price was around $3,147.39, and now the unrealized loss has expanded to $45.2 million. The BTC position is relatively smaller, with an $87.38 million position opened at $91,506.7, currently losing $4.13 million. The SOL holdings amount to $62.82 million, with an entry price of $130.19, and an unrealized loss of $3.78 million.

More notably, to maintain these leveraged longs, the whale has paid $3.2842 million in funding fees. In the current volatile market, ongoing financing costs are continuously eroding profit margins, with total unrealized losses expanding to $54.5 million. Such position size and loss magnitude undoubtedly reflect the ongoing risk accumulation in the market.

BTC1,39%

ETH1,32%

SOL2,17%

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AllInAlice

· 2025-12-31 16:17

Damn, even this whale can't hold on anymore Losing over 50 million but still stubbornly holding on, the funding fees have already burned through more than 3 million BTC traders actually lose the least? That logic has some substance Leverage in a volatile market is like living in hell, it hurts just watching This guy better pray for a market rebound, or a break could be just around the corner

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GweiTooHigh

· 2025-12-31 09:38

Why hasn't this whale liquidated yet? The financing fees are almost eating him alive.

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CryptoNomics

· 2025-12-30 19:26

tbh the funding rate bleed is what gets me... dude paid $3.28M just to bag hold? that's not a position, that's a tax write-off waiting to happen. correlation matrix would show this is textbook overleverage territory.

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VitaliksTwin

· 2025-12-29 15:53

This whale is too miserable, with a floating loss of $54.5 million and still holding on. Truly a brave warrior. --- They've already spent 3.28 million on leverage fees. It's time to face reality. --- A 740 million exposure and still holding on stubbornly. This is why whales can also blow up. --- Financing costs are bleeding points, eating money every day. This operation is a bit ruthless. --- The entry price for ETH was 3147. Still holding on stubbornly now? The Zen whale is truly outrageous. --- Looking at this position structure, it's a clear risk accumulation signal. The market will need a few more months of turbulence to settle. --- Losing so much money but still paying funding fees. Why bother? Truly.

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TokenToaster

· 2025-12-29 15:51

Uh, this whale is too miserable, with over 50 million in unrealized losses and still holding on tightly --- The funding fee has already burned 5 million, yet no stop-loss. This is the gambler's mentality, right? --- ETH has lost over 40 million, how much resilience is needed to continue leveraging? --- The financing cost directly eats into profits; this market is just so ruthless --- Seven hundred million USD still can't withstand the market trend. Who gave him that confidence? --- Why didn't this guy think about reducing his position? He insists on holding on to the end --- Paying 3.28 million in funding fees just to gamble on a rebound? Is it worth it? --- If he doesn't close his position soon, he's really going to be liquidated --- Looking at this operation, I just laugh. No matter how firm the bulls are, they can't stop the erosion caused by financing fees --- All five cryptocurrencies are in loss, still want to turn around? Difficult

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JustHereForAirdrops

· 2025-12-29 15:49

Whales are playing with fire, spending 3.28 million on funding fees and still holding on stubbornly.

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AlphaLeaker

· 2025-12-29 15:46

Whales can't withstand this round of volatility either, with a floating loss of 54.5 million directly bleeding out. --- Funding fees have eaten up 3.28 million, this is the real killer, the cost of financing is absolute. --- Damn, ETH bought at 3147 hasn't broken even yet, now it's trapped at 4520 million, this is the price of taking over positions. --- Leverage longs in this kind of market are just slow suicide, daily fees are eating away, waiting to die. --- Whales with a 700 million exposure are all losing money, retail investors are still dreaming haha. --- SOL has only lost a little over 3 million and is actually the most stable, while ETH with large amounts is being taught the harshest lesson. --- The cost to maintain positions is almost as much as the market cap of small coins, this is ridiculous. --- Looking at this rhythm, I really want to catch the bottom, but it turned out I was the one caught at the bottom, hilarious. --- 3.28 million in funding fees, what can it do? Just eaten by financing, the loss is really big.

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ShadowStaker

· 2025-12-29 15:44

bleeding 54M on funding costs alone... that's not portfolio management, that's just expensive market education. the real question is whether this whale's got the conviction—or the liquidity—to average down before slashing risk becomes a forced liquidation event.

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YieldWhisperer

· 2025-12-29 15:35

More of this kind of news again, it makes my scalp tingle, and the funding fees are almost eating away half of my life.

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