The 1011 Insider Whale's Unrealized Losses Narrow as Bitcoin Pushes Higher

According to on-chain analyst @ai_9684xtpa, the notorious “1011 flash crash insider whale”—the account widely tracked for its massive losses during previous market dislocations—is seeing its unrealized losses compress significantly. As BTC broke through the $90,000 threshold in late December, the 1011 account’s aggregate floating losses tightened to just $24.86 million, marking a notable improvement from earlier peaks.

The detailed breakdown of the 1011 whale’s current positioning reveals a multi-asset portfolio under pressure. The account maintains a substantial Ethereum position of 203,340.64 ETH (valued around $617 million), with an entry price of $3,147.39 and current unrealized losses standing at $22.65 million. Additionally, the whale holds 1,000 BTC ($0.90 billion) with an opening price of $91,506.7, carrying just $1.64 million in unrealized losses—a dramatic improvement reflecting recent price recovery. The Solana allocation comprises 511,000 SOL tokens ($0.66 billion) with an entry price of $130.1911, and unrealized losses of approximately $573,000.

The 1011 account’s shrinking losses highlight how macro market movements can rapidly reshape large portfolio positions. With Bitcoin currently trading around $87.87K and Ethereum at $2.96K as of late January 2026, the overall pressure on this tracked whale has continued to ease. The fact that a once-deeply underwater position is now approaching breakeven on several fronts demonstrates how volatile crypto market recoveries can compress historical losses in relatively short timeframes, making accounts like the 1011 insider whale a key barometer for institutional or sophisticated retail sentiment in major downturns.