A large Bitcoin trader’s 397.718 BTC long position, opened near $77,686.5 and previously valued at about $30.89 million, came under further pressure after Bitcoin briefly dropped below $77,000. The position was reported down about $178,000 at one stage, while its unrealized loss had peaked at $488,000 overnight. Reports also cited a separate 2,759.11 BTC long on Binance with the same $77,686.5 entry price that was down about $1.237 million; it may be linked to the same whale, but that connection remains unconfirmed.