Crypto Whale Faces $9.55M Unrealized Losses on BTC, ETH, SOL Longs
The whale, previously known for a streak of winning trades, has realized heavy losses and retains $148M in holdings, while other whales increase leveraged positions in BTC and ETH.
BTC
ETH
SOL
Summary
A prominent cryptocurrency whale with a prior perfect win record closed $258 million in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) long positions in the past 24 hours, incurring a $15.65 million realized loss. The trader still holds $148 million in remaining assets. Other whales have recently opened large leveraged BTC and ETH long positions and deposited over $138 million to Kraken, signaling heightened activity among major market participants.
Terms & Concepts
- Long Position: A trading strategy where an investor buys an asset expecting its price to rise.
- Leveraged Position: A trade that uses borrowed capital to increase market exposure, amplifying both potential gains and losses.