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On-chain whale account reversal: "BTC insider whale" temporarily loses 2 million, SOL still supports the market
【Blockchain Rhythm】On January 12th, on-chain wallet monitoring data shows that the well-known BTC whale account is having a tough time. This former profit-making machine has shifted from profitability to loss, with an overall unrealized loss of about $2 million. Interestingly, the SOL long positions in the account are still supporting it—this SOL position has an unrealized profit of approximately $5.04 million, with an average price of $130, and a scale of $71.6 million. Overall, the total holdings of this address are about $795 million, making it still the largest long position in ETH and SOL on-chain.
The whales’ days are also tough. The largest BTC long whale on-chain opened a position around 9:00 AM at approximately $90,600, and has been adding to it ever since. Its current position has expanded to $310 million, making it the second-largest long whale on-chain. Meanwhile, the second-largest ETH long account’s unrealized loss continues to grow, now at $14.2 million. Its ETH holdings are about $170 million, with an average entry price of $3,190. It seems that this wave of market movement has put many large holders in a passive position.