The First $60M Drawdown: From Calm Control to Controlled Chaos: Not long ago, this trade looked effortless.

Slow entries. Deep liquidity. Total composure.

Now? The tempo has changed.

For the first time, the “$10B Hyperunit Whale” is carrying a floating loss over of $60 million, pushing the overall return on this position down to 46.58%. In a single day, the unrealized damage rivals what many aggressive traders lose over an entire year.

And yet, this is not panic.

Despite the staggering red number, the structure remains intact:

Margin usage: just over 75%. Liquidation risk: effectively nonexistent.

Capital reserves: deep enough to absorb prolonged volatility

This is the part most people misunderstand. What looks frantic on the surface isn’t desperation, it’s scale.
When positions are this large, even disciplined adjustments can appear chaotic. The whale isn’t fighting liquidation; he’s paying the price of time while waiting for the thesis to resolve.

Smaller traders lose sleep over liquidation prices. This kind of player worries about opportunity cost and positioning.

There’s only one real risk left here: holding through uncertainty.

And judging by the layers of margin, hedging options, and capital still unused, this whale came prepared for exactly this moment.

The trade may be bleeding. But the player is far from finished.

Wallet:

0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
ANYWAYS, the LONG positions are on $ETH , $SOL , & $BTC .