BTC OG whale faces a daily unrealized loss of 9 million, highlighting the pressure from long position funding rates

robot
Abstract generation in progress

【Blockchain Rhythm】An on-chain monitoring phenomenon is worth paying attention to— that “BTC OG insider whale” took a significant loss today. In just one day, the funding rate loss for long positions exceeded $6.6 million. You can see that the unrealized profit shrank from over $60 million yesterday to $51 million today, a decline of nearly 15%.

Specifically, regarding this major holder’s position: BTC long positions are leveraged 5x, with an unrealized profit of $5.18 million; ETH long positions are also 5x leveraged, with the maximum unrealized profit of $37.55 million; SOL positions are even more aggressive, using 10x leverage, with an unrealized profit of $8.08 million.

This wave of correction has indeed had a significant impact on high-leverage positions. The funding rate continues to rise, which for longs feels like an invisible rope tightening around them, bleeding every hour. This also reminds everyone that even if you’re optimistic about the market, you must manage risks well, especially when it comes to high leverage.

BTC1,76%
ETH0,94%
SOL-0,13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
faded_wojak.ethvip
· 8h ago
9 million a day just for lunch money? This guy's mindset is pretty good...
View OriginalReply0
gas_fee_therapyvip
· 8h ago
9 million lost in a day, this is the price of 5x or 10x leverage Funding rates are really ruthless, bleeding every minute and second Still dare to play 10x SOL, this big player is really brave Already said not to go all-in, even if confident, risk management is necessary Even whales can't escape the claws of funding rates That's why I only take small positions High leverage is fun, but bankruptcy comes quickly
View OriginalReply0
SeasonedInvestorvip
· 8h ago
Oops, that's why I never touch 10x leverage... the funding rate is really insane.
View OriginalReply0
GasOptimizervip
· 8h ago
Oh no, a daily unrealized loss of 9 million. This guy's guts are really something. This funding rate keeps bleeding out, playing SOL with 10x leverage is really asking for trouble. Even the most legendary OG can't withstand bleeding every hour; you still need to preserve some life.
View OriginalReply0
PaperHandSistervip
· 8h ago
Losing 9 million in a day and still not closing the position? I need to learn this mindset.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)