This Type of Bitcoin Whale Is Trapped in Double Losses Due to Ethereum Plunge

The collapse of Ethereum’s price to $2.74K has deepened unrealized losses for a group of major whales in the crypto market. According to data from ChainCatcher, the whale identified as ‘BTC OG Insider Whale’ is now experiencing unrealized losses of up to $16.85 million amid ongoing market pressure.

Ethereum Collapse Brings Cascading Losses for Leverage Whales

Derivatives sellers among these whales previously maintained a profitable position in Solana, but now everything has turned into unrealized losses. Data shows that high leverage trading strategies have become a boomerang for them. A long Bitcoin position with 5x leverage alone has recorded a loss of $650,000, while a similar position in Ethereum—also with 5x leverage—suffered a much larger loss of $15.42 million.

Aggressive Whales Trapped by Billions in Funding Fees

The situation worsened when observing the Solana position with 10x leverage, which recorded a loss of $780,000. All these losses combined with cumulative funding costs reaching $7.92 million create an extremely heavy financial pressure. With total open positions valued at $848 million, these aggressive whales are now facing liquidation or forced position closure scenarios.

Warning to Other Whales: High Leverage Risks in Turbulent Markets

This case serves as an important warning to the entire Bitcoin whale community and other crypto traders about the dangers of high leverage strategies during periods of high volatility. Increasing funding fees become a hidden cost often not properly accounted for by traders, including sophisticated whales. Drastic market momentum shifts can turn paper profits into real losses in a very short amount of time.