【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.
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Deconstructionist
· 10h ago
Wow, 9 million lost in a day? This guy must have a really big heart.
Funding rates are really unpredictable. High leverage is just gambling on the weather.
10x SOL, I just want to ask him if he can sleep at night.
That's why I only trade spot. Leverage is really the devil.
Watching the unrealized gains evaporate so much, it must be really painful.
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faded_wojak.eth
· 21h ago
9 million a day just for lunch money? This guy's mindset is pretty good...
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gas_fee_therapy
· 21h 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
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SeasonedInvestor
· 22h ago
Oops, that's why I never touch 10x leverage... the funding rate is really insane.
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GasOptimizer
· 22h 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.
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PaperHandSister
· 22h ago
Losing 9 million in a day and still not closing the position? I need to learn this mindset.
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.