A whale's aggressive long on BTC hits a pullback, resulting in a $1.42 million unrealized loss on a $52.35 million position.
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x970…62a93 opened a $52.35 million long position around 02:45 today amidst an uptrend, encompassing 650 BTC, 500 ETH, and 900 ZEC. However, following the trade initiation, the overall market continued to decline. The address closed out its ETH and ZEC longs this afternoon and sold 50 BTC, exiting with a $150,000 realized loss. It currently holds 600 BTC (approximately $45.82 million), carrying an unrealized loss of $1.42 million at an average entry price of $78,663.8.
