Bitcoin Whale Opens $30.89 Million Long Position Near $77,686.5

According to market reports, Bitcoin briefly fell below $77,000, pushing a 397.718 BTC whale long deeper into the red and increasing scrutiny on a larger Binance position that may be linked.

BTC

35d ago

Fact Check

The claim is strongly supported by two independent contemporaneous reports that both specifically attribute the price move to OKX market data. PANews's "BTC跌破78000美元，日内下跌 0.06%" states BTC fell below $78,000 and traded at $77,999.20. Odaily's "BTC 跌破 78000 USDT ， 24H 跌幅 0.2%" independently reports OKX data showing BTC at 77,989 USDT after dropping below 78,000. Later same-day follow-up reports, "BTC跌破77000美元，日内下跌 1.42%" and "BTC 跌破 77000 USDT ， 24H 跌幅 1.52%", show BTC moved even lower later on April 27, which is consistent with the earlier sub-78,000 reading rather than contradicting it. The only limitation is that the retrieved evidence is secondary market-news reporting rather than a directly fetched OKX market snapshot or official OKX post.

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Summary

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.

Terms & Concepts

Bitcoin: The largest cryptocurrency by market value, commonly used as a benchmark for the broader digital asset market.
Long position: A trade that seeks to profit from an asset’s price increase after entry.
Unrealized loss: A paper loss on an open position based on current market prices, not yet locked in because the position has not been closed.