The BTCOG whale has been forced to cut losses with a loss of 3.4 million dollars to bear the Giant position!

Pressure from the market has finally led #BitcoinOG fish holding one of the largest Long positions in the market to make the painful decision: to cut losses partially to preserve the overall situation.

🔷 Instead of continuing to DCA like before, this whale has just reduced part of its position:

Forced to sell an amount of 12,588 ETH to recover 36.4 million USD.

And accepting a Realized Loss of 3.4 million USD for this order.

🔶 The loss of 3.4 million dollars, while large for retail investors, is a necessary Premium fee for this whale to relieve the Margin pressure on the remaining giant asset that is under threat.

The current portfolio is still very Heavily burdened:

$ETH : Still holding 210,753 ETH worth 614.24 million USD.

$BTC : 1,000 BTC worth 88.05 million USD.

$SOL : 511,613 SOL worth 63.12 million USD.

The move to accept the realization of losses shows that this whale is shifting from an Offensive to a Defensive state.

Reducing the scale of the position is a necessary step to avoid the risk of liquidating the entire portfolio of nearly 1 billion dollars if the market continues to have negative fluctuations.

This article is for reference only and is not investment advice. Please read and consider carefully before making a decision.