😬 This trader is REALLY pushing it right now…
A mega multi-long wallet is currently sitting on $730M+ in open positions, and the pressure keeps building 📉
As per the latest snapshot, the floating loss is now over $41M, but the real damage is coming from time + funding ⏳💸
Funding fees alone have already drained ~$2M, and the meter keeps running.
Let’s break it down 👇
🔥 $ETH — the core exposure
• 203,340 ETH ($600M+)
• Entry: **$3,147** → Now: ~$2,970–2,980
• Unrealized loss: ~$35M+ 😓
• Liquidation price: ~$2,127
• Funding fees burned: ~$1.8M 💀
🟠 $BTC long
• 1,000 BTC ($88M)
• Entry: **$91,500** → Now: ~$88,000
• Unrealized loss: ~$3.4M
• Funding fees lost: ~$127K
🟣 $SOL long
• 301K SOL ($37M)
• Entry: **$135** → Now: ~$125
• Unrealized loss: ~$3M
• Funding fees lost: ~$67K
📊 Overall picture
• ROE: ~-30%
• Losses rising even without liquidation
• Funding + drawdown = slow bleed 🩸
⚠️ The real problem isn’t liquidation — it’s time.
Price doesn’t just need to go up…
It needs a strong catalyst to outrun: • Heavy drawdown
• Expensive funding
• Massive position size
🧠 Lesson:
High conviction can survive volatility,
but high leverage + time + negative funding is brutal if momentum doesn’t return fast.
Sometimes the market doesn’t liquidate you…
It just bleeds you out slowly.