BTC OG whale's unrealized gains shrink to nearly 10 million. How fierce is this wave of correction?

2026-01-19 23:42:10

Abstract generation in progress

【Blockchain Rhythm】On January 20th, the movement of a well-known BTC OG-level major holder drew attention. According to data monitoring platforms on the blockchain, this long-position whale currently holds a total position worth approximately $874 million, but the situation seems less optimistic—unrealized gains have shrunk to only $9.6 million.

Compared to previous market conditions, this number is a bit heartbreaking. It’s worth noting that this major holder’s unrealized gains once surged to $60 million, but now have significantly decreased. Even more painfully, over $7.9 million in funding fees have been paid during this process.

Specifically, the composition of this major holder’s positions is as follows:

ETH Long: Position size of $712 million, current unrealized gain of $6.67 million

BTC Long: Position size of $92.62 million, current unrealized gain of $1.12 million

SOL Long: Position size of $68.39 million, current unrealized gain of $1.79 million

From these data, it’s clear that ETH longs are this major holder’s main position and the primary source of unrealized gains. However, even with ETH, the unrealized gain rate has been pushed very low. The unrealized gains for BTC and SOL longs are even more negligible, indicating that this wave of adjustment is indeed putting significant pressure on the major holder.

BTC-0.92%

ETH-0.93%

SOL-0.31%

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SchrodingerWallet

· 5h ago

Oh no, even this OG can't hold up. Unrealized gains have dropped from 60 million to 9.6 million. This move was really brutal. They've spent 7.9 million on funding fees, feeling like they're working for the exchange. BTC only has 1.12 million in unrealized gains? That's really tragic. Big players are also losing out, indicating that this round of correction is no joke. Almost worn down, but luckily didn't go all-in on longs.

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StablecoinEnjoyer

· 5h ago

Wow, unrealized gains dropped from 60 million to 9.6 million? That must hurt so much... 7.9 million in funding fees paid for nothing, just to ride this wave of correction.

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MetaMisfit

· 5h ago

60 million directly evaporated to 9.6 million, how stable must this guy's mindset be... or he's already numb.

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JustAnotherWallet

· 5h ago

Damn, 60 million directly cut down to 9.6 million. This is exactly the contract's meat grinder. Unrealized gains wiped out overnight, and 7.9 million in funding fees burned. I'm truly impressed. BTC only made 1.12 million? How did you hold that position? How strong must your mindset be?

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