A whale has been holding a $4 million BTC long position for six months, with the liquidation price only about 1.3% away.

BlockBeats News, February 2nd, according to HyperInsight monitoring, a whale with an address starting with 0xd9e has been holding a BTC long position since August last year, with an average entry price of around $114,000. The whale has not closed the position and, with the recent sharp market correction, the position is now close to the liquidation level.

Currently, the address holds a leveraged BTC long position worth about $4.54 million, with a unrealized loss of up to $2.35 million (approximately -207%). The liquidation price is around $74,500. Due to continuous losses, the available balance in the account is now less than $100,000, with only about 1.3% downside movement left before triggering liquidation.