This "BTC OG Whale" is still holding strong, with a long position of over 700 million and unrealized losses of 55 million.

On December 23, on-chain monitoring data from [Block Rhythm] shows that a well-known early Bitcoin whale account is still holding a losing position, currently maintaining a total of $716 million in long positions across BTC, ETH, and SOL, but the overall unrealized losses have expanded to $55 million.

Specifically, this Whale has the heaviest bet on ETH, holding a long position of $592 million, building the position at a price of $3,147.39, and currently accumulating unrealized losses of $46.36 million. In terms of Bitcoin, a long position of $87 million was opened at $91,506.7, currently with unrealized losses of $4.45 million. Additionally, there is a $37 million SOL position, opened at a price of $135.2, with a loss of $3.73 million.

From the data, this Whale is clearly under the most pressure on Ethereum, yet has not chosen to cut losses, instead maintaining its original Holdings, perhaps waiting for a rebound opportunity or sticking to its viewpoint. This behavior of holding long positions in a bear market also reminds market participants once again: the mindset of on-chain big players is often unrelated to short-term fluctuations.