A Whale with 40x Long Leverage on BTC Facing a Funding Fee of $1.55M Exceeding Its Position Size

BlockBeats News, November 20th, according to HyperInsight monitoring, a long-term bullish whale (0x8af) has been holding a BTC long position since March this year, with a current position size of approximately $41.41 million, an average entry price of about $11.13, a floating loss of $8.71 million (-842%). The funding fee settlement alone has reached $1.55 million, exceeding its current position of about $1.034 million in principal.

The whale's initial entry price was around $82,000, and it has since continuously rolled over its position. Taking into account the funding fee settlement, its total loss is already equivalent to ten times its current position principal. It is currently the whale with the highest floating loss rate among whales holding over $10 million in BTC positions on Hyperliquid.