EyeOnChain
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ကျရိပ်ရှိသည်
Paying a Million to Stay In as FUNDING COST: The Hidden Cost of a Conviction Trade, This is where size starts to hurt.
The “$10B Hyperunit Whale” has now held this position for nearly eight days, and the quiet bleed just crossed a brutal milestone:
over $1,010,000 paid in funding fees alone.
A steady transfer of money to stay in the game. What’s striking is where that cost is coming from:
90.2% of the funding bill is $ETH -related
Meaning the majority of the exposure, and conviction -- remains concentrated on #Ethereum
This whale initially made headlines after opening aggressively around the 10/11 flash crash, and instead of backing off as fees stacked up, the position stayed open. Every funding interval became a choice: pay again, or walk away.
At this scale, funding isn’t a nuisance, it’s a statement. Burning seven figures just to maintain exposure suggests this trade isn’t about short-term noise. It’s about waiting for something bigger than the carry cost.
Most traders fear liquidation. Whales fear missing the move.
And sometimes, the clearest signal isn’t the entry or the size, it’s how much someone is willing to bleed just to stay positioned.
Wallet address: 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
The “$10B Hyperunit Whale” has now held this position for nearly eight days, and the quiet bleed just crossed a brutal milestone:
over $1,010,000 paid in funding fees alone.
A steady transfer of money to stay in the game. What’s striking is where that cost is coming from:
90.2% of the funding bill is $ETH -related
Meaning the majority of the exposure, and conviction -- remains concentrated on #Ethereum
This whale initially made headlines after opening aggressively around the 10/11 flash crash, and instead of backing off as fees stacked up, the position stayed open. Every funding interval became a choice: pay again, or walk away.
At this scale, funding isn’t a nuisance, it’s a statement. Burning seven figures just to maintain exposure suggests this trade isn’t about short-term noise. It’s about waiting for something bigger than the carry cost.
Most traders fear liquidation. Whales fear missing the move.
And sometimes, the clearest signal isn’t the entry or the size, it’s how much someone is willing to bleed just to stay positioned.
Wallet address: 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae
ရှင်းလင်းချက်- ပြင်ပအဖွဲ့အစည်း၏ ထင်မြင်ယူဆချက်များ ပါဝင်သည်။ ဘဏ္ဍာရေးဆိုင်ရာ အကြံပေးခြင်း မဟုတ်ပါ။ စပွန်ဆာပေးထားသော အကြောင်းအရာများ ပါဝင်နိုင်ပါသည်။ See T&Cs.