Bullish whale with a floating loss of 47 million: ETH holdings in the top three are in loss, who is bottom fishing?

【Blockchain Rhythm】Based on on-chain address monitoring data, during the market volatility on January 21, the performance of several leading bullish accounts showed significant differences.

Let’s first look at the one with the greatest pressure—the “BTC OG Insider Whale” account has shifted from profit to loss, with an unrealized loss of $47 million. This player’s main pressure comes from ETH long positions, with a holding size of about $663 million, an average price of $3,161, and an unrealized loss of $42.4 million, a 32% decline. In addition to ETH, the account also holds long positions in BTC and SOL, with an overall holding size of approximately $817 million. More painfully, the account’s funds have been withdrawn by over $97 million in just one week. Currently, this major account has become the top ETH and SOL long position holder on Hyperliquid.

The second pressure account, “CZ Opponent,” has an overall unrealized loss of $28.3 million. Its main issue is with XRP longs, with a $74 million position losing $15 million. The ETH part is also not ideal, with $169 million in longs and an unrealized loss of $12.62 million at an average price of $3,190. This major account has a total holding of about $264 million, with a weekly withdrawal of over $31.34 million, and is currently the largest XRP long on Hyperliquid.

Interestingly, another popular big account, “Maji” Huang Licheng, has a tougher day. During yesterday’s market decline, his ETH longs were directly liquidated in succession, losing $2.549 million in one day, with a weekly fund withdrawal of $4.258 million, leaving the account with less than $100,000. However, this brother is quite stubborn—immediately after liquidation, he opened a new position—currently holding an ETH long with 25x leverage, an average price of $2,945, and although the account is small, it still has a floating profit of $30,000, with a liquidation price at $2,907.

The situation of “pension-usdt.eth” is also not optimistic. His 3x leveraged BTC long opened on January 16 is now floating at a loss of $65.6 million, with a holding size of $890 million and an average cost of $95,600.

But some are making money. “On-Chain Gold’s Largest Bull” recently gained momentum in PAXG (on-chain gold). After the floating profit expanded to $670,000 (a 34% return), he decided to take profit and closed about 50% of the position. The current average price is $4,415, with a remaining holding of $3.58 million. Besides gold, he also holds long positions in several on-chain stock assets, totaling about $31.6 million.

“Paul Wei” has a relatively small floating loss on BTC, only about 2.3%, with his position accounting for roughly 12% of total funds. Most of his funds are still in pending orders waiting for opportunities. His BTC long and short orders are set between $86,700 and $90,500, and he has already recorded a profit of $4,060.