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Previously, on the sharp decline day of 10.11, the BTC giant whale who bought the dip has held the position until now, and is currently at an unrealized loss of 12 times the deployed principal.

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ME News Report, May 18 (UTC+8), according to Hyperinsight monitoring, address 0x860 has become the largest loss-making whale among BTC longs on Hyperliquid. This whale entered the market to buy the dip 220 days ago, on October 11 last year, after the market crash, using 29x leverage, with an average entry price of $109,632, and a position size of $13.2 million. Initially, this long position brought significant unrealized gains within 10 days, but since BTC broke below its entry price on October 30 last year, the position has never recovered. As of press time, the whale has not closed the position and has held on until now, with unrealized losses reaching $3.94 million, about 12 times the initial capital. It is estimated that, based on the total funds of the address, which is in the tens of millions, this $13.2 million position corresponds to an actual leverage of only about 1.1x, but the unrealized losses have already eroded approximately 30% of its overall account funds. Address: 0x8607a7d180de23645db594d90621d837749408d5 (Source: ChainCatcher)
BTC3.74%
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