Major cryptocurrency holders are nearing their cost lines as Bitcoin (BTC) and Ethereum (ETH) prices continue to fall. MicroStrategy, which holds 712,600 BTC at an average cost of $76,037, is seeing its unrealized gains diminish as BTC prices approach this cost line. Meanwhile, Tom Lee's Bitmine, holding 4.243 million ETH at an average cost of $3,849, faces a floating loss of $5.92 billion with ETH prices dropping to $2,400, resulting in a loss ratio exceeding 36%.
Yi Lihua's Trend Research, holding 651,500 ETH at an average cost of $3,180, is experiencing a floating loss of $475 million. The firm, which used leveraged borrowing for its position, faces a liquidation price of approximately $1,880 per ETH. These developments highlight the financial pressures on major crypto holders amid the current market downturn.
Major Crypto Holders Face Losses as BTC and ETH Prices Decline
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