Crypto Whale Gains $47M Amid $845M Multi-Asset Holdings
OnchainLens data shows the BTC OG whale faces new liquidation risk on a LIT position, highlighting volatile leveraged strategies across multiple crypto assets.
BTC
ETH
SOL
Summary
On Jan. 15, OnchainLens reported a BTC OG whale lost about $509,000 after partial liquidation of a LIT long position as prices fell, with the next liquidation threshold set at $1.49. This comes alongside prior $6.6 million in funding fee losses that cut unrealized profit to $51 million. The whale still holds leveraged positions across BTC, ETH, and SOL, including a Bitcoin 5x long yielding $5.18 million, an Ethereum 5x long producing $37.55 million, and a Solana 10x long generating $8.08 million, following a restructuring from an $845 million multi-asset portfolio.
Terms & Concepts
- Floating Profit: Unrealized gains from current market value of holdings compared to their purchase price.
- ETH (Ethereum): A blockchain platform supporting smart contracts (self-executing blockchain code) and decentralized applications.
- SOL (Solana): A high-performance blockchain known for fast transactions and low fees.