Bitcoin Whale Holds $51 Million in Unrealized Profit After Losing $6.6 Million in Funding Fees
Major BTC and ETH whale rapidly expanded ETH long positions, boosting holdings to $736 million and $32.5 million in unrealized profit amid aggressive leverage strategies.
Coinbob data shows a prominent 'BTC OG' whale has increased holdings significantly, now at $736 million across BTC and ETH after adding 100,000 ETH to long positions in just 10 minutes on Jan. 16. The move lifted the unrealized profit to $32.5 million. The whale also previously held about $843 million in ETH, BTC, and SOL on Hyperliquid. Other entities include 'pension-usdt.eth', which opened 802 BTC 3x longs at $95,600, 'Strategy' with $257 million in holdings and 20x BTC longs worth $2 million, and 'CZ 对手盘' maintaining $276 million with gains in ETH and losses in XRP. These actions highlight aggressive leverage use and diversified exposure by major crypto market participants.
- Long Position: An investment strategy where traders buy an asset expecting its price to rise, profiting from the upward movement.
- Funding Fee: A periodic payment exchanged between traders in perpetual contracts to keep the market price close to the spot price.
- BTC Whale: An investor holding a large amount of Bitcoin, capable of influencing market movements.