"BTC OG Insider Whale" ETH Long Position Losses Expand to $117 Million
On January 31, according to Hyperinsight monitoring, the mysterious "BTC OG Insider Whale" faced severe losses on its Ethereum long positions. After partial liquidation of ETH longs, the position value plummeted from $570 million to $470 million, with losses further increasing to $117 million.
The whale also holds $56 million in SOL longs, with losses of $10 million; $46 million in BTC longs, with losses of $5.6 million. Total losses have exceeded $130 million.
Its core strategy involves high leverage with 5x positions in ETH, BTC, and SOL, with entry costs concentrated around high levels of $3,150 for ETH, $91,500 for BTC, and $135 for SOL.
As the market continues to decline, the whale has chosen to "hold positions + increase holdings during the downturn" in an attempt to lower costs, but it has backfired: not only have paper losses magnified, but it has also cumulatively paid over $3 million in funding fees, further accelerating capital consumption.
This is a typical leveraged long gamble: when trends reverse, high leverage and a holding mentality lead to rapid evaporation of substantial capital. Even "OG Insider" level players cannot resist the market's liquidation mechanisms.
Once a chain liquidation is triggered, hundreds of millions in positions can turn to zero in an instant.
The essence of the story remains a common theme: leverage is a double-edged sword, and those who go against the trend will ultimately be ruthlessly consumed by the market. Whether you are a retail investor or a whale, respecting trends and managing positions is always the first lesson for survival.
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