BTC Whale with 40x Leverage Holds BTC Long Despite $1.4M Floating Loss as Weekly P&L Rebounds to $2.6M

COINOTAG News, citing HyperInsight on Oct 28, identifies a whale address beginning 0x88b that opened a 40x leveraged BTC long roughly 10 days ago, now showing a floating loss of $1.4 million. The entry price was $118,000 and the nominal exposure about $40.45 million. The loss stands at ~140%, with no repositioning to date.

On Oct 20, the BTC position registered a floating loss above 252% (~$2.48 million), while longs in SOL, HYPE and ETH were trapped at high levels, contributing a $3.16 million floating loss. By writing time, SOL, HYPE and ETH had moved to gains and were exited four days ago. The weekly P&L shifted from a $5.8 million loss to a $2.6 million profit, leaving the BTC long as the sole open exposure. The account reportedly favors intraweek trend trading, having opened about 75 positions since July 11, with a 95% win rate and 13 trades this month at 100% success.