BTC OG whale's long position unrealized gains shrink! Holdings across three currencies near $1 billion, with $7.5 million paid in funding fees.

【BlockBeats】On January 18, market monitoring data showed a significant change in the massive long position of a seasoned Bitcoin holder. This “BTC OG insider whale” currently holds a position worth approximately $910 million, with over $7.5 million paid in funding fees.

Even more noteworthy is the change in unrealized gains — from a previously突破的$60 million high, it has now narrowed to $44.9 million, a clear reduction.

Specifically, this massive position is distributed across three mainstream cryptocurrencies:

ETH long position is the largest, with a holding value of $741 million and an unrealized gain of $35.14 million; BTC long position is $95.12 million with an unrealized gain of $361,000; SOL long position is $72.73 million with an unrealized gain of $6.14 million.

From the position structure, it is clear that this whale is long-term optimistic about Ethereum, but the unrealized gains across different coins show significant differences. The high funding costs combined with the narrowing unrealized gains reflect the current market volatility and the pressure faced by such large long positions. For retail investors, observing the movements of such major players can often provide a reference for market sentiment.