A major crypto whale is facing a huge drawdown after staying fully long while the market moved lower. In less than two weeks, around $139 million in profits disappeared, dropping total gains from over $142 million to just $2.57 million.
📊 Current Position Overview
The whale now holds a massive $707.8 million in perpetual futures positions, with 100% long exposure and no short positions to reduce risk. Margin usage is above 103%, showing high pressure on the account. While overall profit is still technically positive, unrealized losses are around $81.1 million.
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$ETH Position (Main Loss Driver)
Asset: Ethereum (ETH)Position: Cross 5x LongSize: ~$599 million (212,000+ ETH)Entry Price: ~$3,149Current Price: ~$2,815Liquidation Level: ~$2,277Unrealized Loss: ~$71 millionFunding Costs: ~$7.4 million
ETH is the main reason behind the losses, with price dropping closer to the liquidation range.
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$SOL Position
Asset: Solana (SOL)Position: Cross 10x LongSize: ~$60.3 million (511,000+ SOL)Entry Price: ~$130Current Price: ~$118Unrealized Loss: ~$6.2 million
This position is also under pressure, with high leverage increasing risk.
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$BTC Position
Asset: Bitcoin (BTC)Position: Cross 5x LongSize: ~$48.5 million (573 BTC)Entry Price: ~$91,506Current Price: ~$84,700Unrealized Loss: ~$3.8 million
🧠 Key Takeaway
This case highlights the risk of high leverage and one-sided long exposure in volatile crypto markets. Even large profits can disappear quickly when prices move against major positions.
#CryptoWhale #Bitcoin #Ethereum #Solana #CryptoTrading
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#ETH #SOL