On October 11, after the sharp drop, BTC whales have held their positions until now, with an unrealized loss of 12 times the initial investment

According to monitoring by Hyperinsight, address 0x860 has currently become the largest loss-making whale among BTC longs on Hyperliquid. This whale entered the market to bottom out BTC 220 days ago, on October 11 last year, after a market crash, using 29x leverage to build a position with an average price of $109,632, with a position size of $13.2 million. In the early stages of building the position, this long position brought considerable floating profits within 10 days, but since BTC fell below its average entry price on October 30 last year, the position has not returned to profit. As of the time of writing, this whale has not closed the position and has held on until now, with current floating losses reaching $3.94 million, about 12 times the initial capital.

It is estimated that, considering the overall capital size of tens of millions from this address, this $13.2 million position corresponds to an actual leverage ratio of only about 1.1 times, but the floating losses have still eroded about 30% of the overall capital in the account. Address: 0x8607a7d180de23645db594d90621d837749408d5