BTC OG whale's unrealized gains shrink to nearly 10 million. How fierce is this wave of correction?

【Blockchain Rhythm】On January 20th, the movement of a well-known BTC OG-level major holder drew attention. According to data monitoring platforms on the blockchain, this long-position whale currently holds a total position worth approximately $874 million, but the situation seems less optimistic—unrealized gains have shrunk to only $9.6 million.

Compared to previous market conditions, this number is a bit heartbreaking. It’s worth noting that this major holder’s unrealized gains once surged to $60 million, but now have significantly decreased. Even more painfully, over $7.9 million in funding fees have been paid during this process.

Specifically, the composition of this major holder’s positions is as follows:

ETH Long: Position size of $712 million, current unrealized gain of $6.67 million

BTC Long: Position size of $92.62 million, current unrealized gain of $1.12 million

SOL Long: Position size of $68.39 million, current unrealized gain of $1.79 million

From these data, it’s clear that ETH longs are this major holder’s main position and the primary source of unrealized gains. However, even with ETH, the unrealized gain rate has been pushed very low. The unrealized gains for BTC and SOL longs are even more negligible, indicating that this wave of adjustment is indeed putting significant pressure on the major holder.