A large BTC holder has not been at peace since early December. For a full 20 days, they have been holding long positions worth over 7.4 billion, including BTC, ETH, and SOL. As of now, they are already floating with a loss of $52.26 million. What's even more heartbreaking is that just paying the funding rate has cost over $3.13 million. Calculating this, they are paying an average of over $150,000 in funding costs per day, and this feeling is indeed uncomfortable.
According to on-chain data monitoring, this whale has held a total position of $745.72 million since opening their position on December 7. Although they are still holding on, the floating loss number changes daily. The funding rate may seem insignificant, but the accumulated cost over 20 days is enough to make any trader feel the market pressure. This also reflects the true picture of the current bullish sentiment—holders are paying the price in real money.
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PaperHandsCriminal
· 15h ago
Oh no, over 7.4 billion and still have to pay 150,000 in "toll fees" every day. No matter how you calculate this deal, it's not worth it.
I'm really convinced. The bulls are so persistent, insisting on holding on tightly, and as a result, they get bloodsucked out of 50 million by the funding rate.
Is this what you call "perseverance"? It looks more like working for the exchange.
150,000 a day, which adds up to 4.5 million a month. Why use this money for anything else when you have to feed the exchange?
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GasFeeWhisperer
· 17h ago
Wow, over 7.4 billion and still holding? This guy is really ruthless, taking on a daily fee cost of 150,000.
This is the true face of the contract—still bleeding with a floating loss of over 50 million, truly incredible.
Holding long positions stubbornly is not easy; the cost is damn high.
How determined must one be to avoid a liquidation? I’m truly impressed.
Fee rate costs are the real hidden killer; no one has ever calculated this expense.
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NonFungibleDegen
· 17h ago
ngl this whale's getting absolutely bled dry by funding rates... that's what happens when you're too bullish and too stubborn ser, probably nothing though
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SingleForYears
· 17h ago
Bro, this fee rate costs over 150,000 a day. I really feel for him...
Holding on for 20 days and still struggling, his mental resilience is truly incredible.
Watching the account plunge every day and being drained by fees—this is the "joy" of a bull market?
Over 7.4 billion long positions, with unrealized losses of over 50 million... If it were me, I would have gone crazy long ago.
Funding rates are really like an invisible knife, cutting you day by day.
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VibesOverCharts
· 17h ago
Damn, 7.4 billion and still holding on, how strong must your mentality be?
Funding rate is 150,000 per day, this is basically working for the exchange.
You still need to learn to cut losses, brother. If you keep holding, you'll be completely eaten up by the rates.
Bullish sentiment sometimes comes at the highest cost of persistence.
If this guy weren't a big player, he would have been liquidated long ago. Over 50 million in unrealized losses is really hard to bear.
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airdrop_whisperer
· 17h ago
Buddy, this is a vivid lesson learned through blood and tears. Fee rates and costs are truly silent killers.
Holding for 20 days and still losing over 50 million, what kind of heart does that take... I just can't understand.
The amount of money spent on funding rates doesn't seem like much, but accumulated it becomes a bottomless pit. It's brutal.
This gentleman is really throwing money into the market, with a daily blood flow cost of 150,000.
Honestly, I've seen many big players be drained by these invisible costs. Now I understand why most people can't play contracts anymore.
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AirdropAnxiety
· 17h ago
Over 7.4 billion orders daily with a volume of 52.26 million, how much pressure is that... I really can't understand why they don't cut losses.
Daily fee rate of 150,000, and in 20 days, 3.13 million is gone—aren't they just raising a mowing machine?
Wait, this guy probably still holding on? Damn.
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TokenomicsDetective
· 17h ago
Over 7.4 billion in orders, burning 150,000 in fees daily. This guy is really tough, just holding on like that?
A large BTC holder has not been at peace since early December. For a full 20 days, they have been holding long positions worth over 7.4 billion, including BTC, ETH, and SOL. As of now, they are already floating with a loss of $52.26 million. What's even more heartbreaking is that just paying the funding rate has cost over $3.13 million. Calculating this, they are paying an average of over $150,000 in funding costs per day, and this feeling is indeed uncomfortable.
According to on-chain data monitoring, this whale has held a total position of $745.72 million since opening their position on December 7. Although they are still holding on, the floating loss number changes daily. The funding rate may seem insignificant, but the accumulated cost over 20 days is enough to make any trader feel the market pressure. This also reflects the true picture of the current bullish sentiment—holders are paying the price in real money.