The BTC whale who bought the dip on October 11's price crash has been holding the position until now, with unrealized losses 12 times the initial investment.
According to ChainCatcher, Hyperinsight monitoring shows that address 0x860 has now become the largest loss-making BTC long whale on Hyperliquid. This whale entered the market 220 days ago, namely on October 11 last year, following a market crash to bottom-fish BTC, opening a position with 29x leverage at an average price of $109,632, with a total position size of $13.2 million. In the early stages of opening the position, this long trade brought considerable unrealized gains within 10 days, but since BTC fell below the average entry price on October 30 last year, the position has never returned to profit. As of press time, this whale has not closed the position and continues to hold, with an unrealized loss now reaching $3.94 million, around 12 times the original margin of the trade.
It is estimated that, based on the overall capital size of tens of millions of dollars for this address, the $13.2 million position represents an actual leverage ratio of only about 1.1x, but the unrealized loss has already eroded about 30% of the overall capital of the account. Address: 0x8607a7d180de23645db594d90621d837749408d5
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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