Ethereum Leads BTC OG Insider Whale’s Near-$700M Long Position Amid Market Decline
BTC/USDT
$23,298,561,101.23
$66,025.52 / $63,030.00
Change: $2,995.52 (4.75%)
-0.0012%
Shorts pay
COINOTAG News, citing EmberCN, reports that the BTC OG Insider Whale has not added to its position over the last 48 hours, maintaining a near $700 million long exposure in a softer Bitcoin market. The absence of fresh accrual suggests a cautious stance amid ongoing price softness.
On-chain data detail the holdings: ETH exposure stands at 191,000 ETH (about $540 million), with an entry price of $3,167 and an unrealized loss near $64.28 million; the position’s liquidation price sits around $2,083. The BTC tranche comprises 1,000 BTC (about $86.15 million) at $91,506, with roughly $5.35 million of losses. SOL stands at 250,000 SOL (about $30.83 million) entered at $137.50, carrying a loss of about $3.55 million.
These developments underline the importance of risk management and close attention to on-chain data as the crypto market navigates renewed volatility.