2025-12-29 04:26:20

The large investor who built a position after the flash crash on October 11 has seen their long positions' unrealized losses continuously narrow. As of now, the overall unrealized loss has been reduced to $24.86 million.

Specifically, Ethereum is their heaviest holding—203,340.64 ETH, worth approximately $617 million. This position was entered at a price of $3,147.39, and currently has an unrealized loss of $22.65 million. Although Bitcoin holdings are only 1,000 BTC, they are worth nearly $90 million (89.86 million), with an entry price of $91,506.7, and an unrealized loss of $1.64 million. As for Solana, a massive holding of 5.11 million tokens has a market value of $66.03 million, entered at around $130.19, with a relatively small unrealized loss of about $573,000.

This is undoubtedly the longest holding cycle in his history. Interestingly, there are no signs of him closing the position yet, and it’s unclear how long he plans to hold.

ETH-0,43%

BTC-0,27%

SOL-0,81%

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WhaleWatcher

· 8h ago

This guy is really hardcore. He’s floating a loss of 24.86 million and still sitting firmly at the trading desk. I can’t learn that. What’s the point of holding? Is this what faith looks like... The big player’s ambush this time is really fierce. The cost of ETH was just over 3100 when they entered, now breaking even is a sure thing. With such a large volume, how can they not cut and run? Are they gamblers or true believers? He hasn’t closed a position in over six months, I’m really sweating for him. This SOL position is making a killing, with only a 570,000 floating loss, the other two are dragging him down. Really daring to play, 1,000 BTC is over $90 million. I can’t even do the math on this. Holding on for so long is truly impressive. If it were me, I’d have cut losses and run long ago. Let’s see when the liquidation happens...

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GmGmNoGn

· 12h ago

This guy is really tough; he's still narrowing the unrealized losses and hasn't thought about cutting losses.

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HashBard

· 12h ago

so this whale really said "diamond hands or bust" huh... $24.86m underwater but still hodling like it's a bedtime story, not liquidation notice. honestly the narrative arc here hits different—eth bags getting lighter while btc bleeding out pennies. question is whether this is conviction or just sunk cost delusion at this point

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GasGuru

· 12h ago

This guy is really a diamond hand, the unrealized loss is still shrinking, holding on tightly. --- A 24.86 million USD trap, and he can still bear it. I'm speechless. --- For this ETH position... if it were me, I would have sold early. What is this person really after? --- Holding until now without moving, wake up, brother, it's time to cut losses. --- The longest hold turned out to be the biggest loss, how ironic. --- SOL's unrealized loss is the smallest, probably just psychological comfort. --- BTC only lost 1.64 million, which is quite good. It seems this position's weight is indeed light. --- Is it right or wrong not to close the position? It depends on the subsequent rise or fall, a gambler's mentality. --- The longest cycle in history is still in loss. Just thinking about it makes me uncomfortable, brother.

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SelfRugger

· 12h ago

This guy is really tough, able to hold on with unrealized losses reduced to 24.86 million, no complaints about his mindset. What exactly is this big investor waiting for? Do they really only want to leave after doubling their position? The positions built in October are still being held tightly now. I don't have that kind of patience, haha. With over 600 million in ETH positions sitting here, I would have already lost sleep. From the current situation, it seems like they never even considered running. They're betting on the market to turn around later.

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just_another_fish

· 12h ago

This guy is really tough, is the unrealized loss still decreasing? Looks like he indeed timed the bottom right. --- Unrealized loss of 24.86 million is still decreasing. How strong must his mentality be... If I had been liquidated early, haha. --- Wait, this ETH entry price... Could it be that he had already seen it coming? --- What does it mean not to close the position? Just hold on for another half year to get rich? That cracks me up. --- This rhythm is truly amazing. Watching the unrealized loss gradually recover, but the question is, when will it turn positive? --- 5.11 million SOL? This guy really dares to play. I admit, I don't have that kind of guts. --- Unrealized loss of 24.86 million still holding steady. This is the mentality of a big investor.

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