Bitcoin Whale Faces Significant Unrealized Losses

A prominent Bitcoin holder, known as a ‘whale,’ is currently grappling with substantial unrealized losses on a leveraged long position worth $49.1 million, according to Onchain lens monitoring data from BlockBeats. This position has been in the red for 24 days, accumulating an unrealized loss of approximately $4.49 million. The whale’s losses peaked at $9.5 million three days ago but have been gradually decreasing since then.