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On the sharp decline day of October 11th, the giant whale who bought the dip in BTC has held the position until now, with an unrealized loss of 12 times the initial capital.
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 considerable 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 current 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 total account funds.
Address: 0x8607a7d180de23645db594d90621d837749408d5 (Source: ChainCatcher)