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