The crypto market faced significant selling pressure again tonight (26th)! Bitcoin prices fell below the $87,000 mark, currently trading at $86,785, a drop of approximately 1.2% in the past 24 hours. Ethereum also weakened, falling below $2,900, a drop of 1.8% in the past 24 hours.
Notably, according to HyperInsight monitoring , the Ethereum long positions held by well-known crypto investor "Machi Big Brother" Huang Licheng have suffered significant unrealized losses due to the recent market downturn. This address long 8,100 ETH with 25x leverage, opening at an average price of approximately $2,972.52, and was liquidated at $2,870.73. The current unrealized loss exceeds $500,000.
Furthermore, the trader known in the market as the "Bitcoin OG whale" has seen his long positions suffer further losses, with total unrealized losses now exceeding $56 million, and he has paid approximately $3 million in funding fees. His investment portfolio is as follows:
- A long of$500 million in ETH was opened at $3,147, resulting in a paper loss of $48.98 million.
- Long in BTC worth $86.99 million, opening price $91,506, current unrealized loss $4.68 million;
- A long of $62.18 million in SOL was opened at $130, resulting in a floating loss of $4.66 million.
Overall, the crypto market remains under short-term pressure, and investors should remain cautious and avoid using high leverage.
