BTC OG whale long liquidation risk? $620 million position turns fully unprofitable

【Blockchain Rhythm】 According to on-chain monitoring data, the market has recently experienced a noticeable short-term decline, significantly impacting a well-known veteran BTC trader’s position. The monitored whale currently holds long positions in BTC, ETH, and SOL, all of which are in loss, with the total position size exceeding $620 million.

Specifically, the main part of this position is ETH. He established a long ETH position with 5x leverage, with a value exceeding $500 million, opened at a price of $3,181.96. Due to the current price decline, it has already unrealized a loss of $9 million. More notably, he also has limit orders between $3,030 and $3,112.4, planning to add an additional $64 million.

The BTC position is relatively smaller, with a 5x leveraged long worth $90 million, opened at a price of $91,506.7, currently unrealized a loss of $1 million. The SOL position is the smallest, with a scale of $34 million, opened at $137.5, unrealized loss of $700,000. Overall, this whale’s strategy is to continue accumulating on price pullbacks, but the current market trend clearly hasn’t given him that opportunity.