Data: A certain whale is using 40x leverage to long BTC for the long term, and the funding fee has reached 1.55 million USD, exceeding its principal position

According to HyperInsight monitoring, a certain long-term bullish whale (0x8af) has opened a BTC long position since March this year, currently holding a position size of approximately $41.41 million, with an average holding price of about $111,300, resulting in an unrealized loss of $8.71 million (-842%). The current funding fee settlement has reached $1.55 million, exceeding its current holding principal of approximately $1.034 million.

The initial opening price for this whale was around $82,000, and it has since continued to roll over its position. If the funding fee settlement is included, its total loss is equivalent to ten times the current holding principal. Currently, it is the address with the highest unrealized loss rate among whales holding over $10 million in BTC on Hyperliquid.