Market Decline Expands Losses for Major Crypto Whales

Recent reports indicate that the market downturn has significantly impacted the largest bullish whales in the cryptocurrency sector. According to PANews, monitoring by HyperInsight reveals that the combined unrealized losses for BTC and ETH whales have exceeded $13 million. As of the latest update, these positions remain open without any reduction in holdings. The whale known as "pension-usdt.eth" holds a leveraged BTC long position valued at $63.6 million, with an average price of $66,800, resulting in an unrealized loss of $3.17 million, or 15%. Meanwhile, "ETH波段大师" has a leveraged ETH long position worth $129 million at an average price of $1,991, facing an unrealized loss of approximately $9.6 million, equating to a 110% loss.