ETH 5x Long Worth Over $500M Sinks in $620M Loss as BTC OG Insider Whale Positions Turn Negative
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News reports on December 12, citing HyperInsight, that a broader market pullback coincided with losses across the BTC OG Insider Whale’s long bets on Bitcoin, Ethereum, and Solana, pushing aggregate notional exposure above $620 million. The latest posture signals a cautious stance amid crypto market volatility.
Ethereum, held as a 5x leveraged long, remains the largest component, exceeding $500 million in notional value, with a limit long order that adds about $64 million between $3,030 and $3,112.40. The current entry price stands at $3,181.96, showing a floating loss of about $9 million.
Bitcoin also runs a 5x long exposure valued at roughly $90 million, entered at $91,506.70, with a floating loss of about $1 million. Solana’s 5x long sits at $34 million, entry price $137.50, with a floating loss of about $0.7 million.
This configuration underscores the risk profile of high-leverage bets amid short-term price swings and shifting liquidity conditions.