A whale who buy the dips on BTC on October 11th has been holding onto the position ever since, now facing a floating loss of 12 times its initial investment.

According to ME News, on May 18th (UTC+8), Hyperinsight monitoring shows that address 0x860 has become the largest whale among BTC long positions on Hyperliquid in terms of losses. This whale buy the dips the market 220 days ago, on October 11th of last year, after the market crash, using 29x leverage to establish a position at an average price of $109,632, resulting in a position size of $13.2 million. Initially, this long position generated considerable unrealized profits within 10 days, but since BTC fell below its average entry price on October 30th of last year, the position has never recovered. As of press time, the whale has not closed its position and is still holding on, currently suffering an unrealized loss of $3.94 million, approximately 12 times its initial investment. It is estimated that, considering the overall capital size of tens of millions at this address, this $13.2 million position corresponds to an actual leverage ratio of only about 1.1 times, but the unrealized losses have already eroded about 30% of the account's total capital. Address: 0x8607a7d180de23645db594d90621d837749408d5 (Source: ME)