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A Whale is going long on BTC with 40x leverage, and the funding fee has reached $1.55 million, exceeding its Holdings principal.

On November 20, according to HyperInsight monitoring, a long-term Whale (0x8af) that opened a BTC long order in March this year now has a holdings scale of approximately 41.41 million USD, with a current average holding price of about 111,300 USD, and unrealized losses of 8.71 million USD (-842%). Currently, the funding rate settlement has reached 1.55 million USD, exceeding its current holdings principal of approximately 1.034 million USD. This Whale's initial Enter a Position price was about 82,000 USD, and it has continued to rollover; if the funding rate settlement is included, its total losses are equivalent to ten times the current holdings principal. Currently, it is the address with the highest floating loss rate among Whales holding over 10 million USD in BTC on Hyperliquid.

BTC0.14%
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