Hyperinsight: BTC, ETH Fell in U.S. Pre-Market; Leveraged Longs (borrowed funds for bullish bets) in Loss

According to Hyperinsight, two major crypto whales holding 3x BTC and 15x ETH longs now show over $13 million in unrealized losses, with no closures reported as of Feb. 28.

BTC

ETH

48d ago

Summary

Hyperinsight reported that top BTC and ETH long whales are facing more than $13 million in combined unrealized losses. The address “pension-usdt.eth” holds a 3x BTC long totaling $63.6 million at an average entry of $66,800, currently down about $3.17 million. “ETH 波段大师” holds a 15x ETH long worth $129 million at $1,991, losing approximately $9.6 million. Hyperinsight noted that neither position had been closed as of Feb. 28, highlighting the heightened risk of large, high-leverage exposures during market drawdowns.

Terms & Concepts

Leveraged long: A bullish position using borrowed funds to increase exposure; profits and losses are magnified relative to price moves.
Unrealized loss: The decrease in value of an open position based on current market price; it becomes realized only when the position is closed.
Whale: A market participant controlling large holdings or positions that can materially impact market dynamics.