A prominent Bitcoin whale, known as the "BTC OG insider whale," has seen its floating losses swell to $16.85 million following Ethereum's decline below $3,100. The whale's portfolio, monitored by Hyperinsight, includes significant leveraged positions that have turned unprofitable. The BTC long position, leveraged at 5x, now shows a floating loss of $650,000, while the ETH long position, also at 5x leverage, accounts for a $15.42 million loss. Additionally, a 10x leveraged long position in Solana (SOL) has resulted in a $780,000 loss. The cumulative funding fee loss stands at $7.92 million, with the total position value at $848 million.
BTC Whale Faces $16.85M Loss as Ethereum Dips Below $3,100
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