2025-12-27 13:51:32

Some large-scale operations are truly astonishing. According to on-chain data monitoring, an active veteran trader in the BTC space has maintained long positions continuously since December 7, involving the three major cryptocurrencies BTC, ETH, and SOL, with a total position size of $745.72 million.

Even more outrageous, in just 20 days, this massive long position has accumulated an unrealized loss of $52.26 million. But that's not the most heartbreaking part—the cost of funding rates alone has already eaten up over $3 million. In other words, just to maintain this position through borrowing costs, an average of about $150,000 needs to be paid daily.

Such a level of position is particularly vulnerable to market fluctuations. Large positions face not only the risk of price volatility but also ongoing cost erosion. For ordinary retail investors, these figures reflect institutional-level trading costs and risk tolerance, which are on a completely different scale.

BTC0,3%

ETH0,42%

SOL0,85%

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HorizonHunter

· 16h ago

74 million still亏损52.26 million？Fee rate 150,000 per day? How much does this guy believe in it? --- Daily interest cost of 150,000, this must be the daily routine of big funds, we can't afford it. --- Just the fee rate eats up 3 million, truly incredible. Leverage is something that still requires caution. --- Losing over 50 million in 20 days and still holding the position? No doubt about his mental resilience. --- At this scale of funds, the fee rate has become an invisible killer, very realistic. --- I just want to know if he's genuinely optimistic or if he's trapped and afraid to cut losses. --- 150,000 interest per day, an ordinary person's annual salary isn't enough to cover his weekly fee rate.

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TokenomicsTinfoilHat

· 16h ago

745 million USD just eaten away by fees, it's really outrageous Daily borrowing fee of 150,000 USD? This guy must be very optimistic 52.26 million floating loss for 20 days... I would have been liquidated long ago haha Experienced trader? I think he's a seasoned gambler, this leverage play is just giving money to the exchange Ordinary people simply can't understand this level of game That's why I only dare to play small retail strategies... so exciting, brother Fees are actually more painful than losses, ironic What if it rebounds? Hundreds of millions in a day to break even? So big players are actually betting on a market reversal If this operation were on me, I would be liquidated in half a day

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AllInDaddy

· 16h ago

Oh my God, just the electricity fee is 150,000 per day? This guy is really brave. --- A position of 740 million with a loss of 52 million is not over yet, and they still have to keep spending money to maintain it. I can't figure out when they will break even. --- That's why I still honestly stick to small positions. We can't afford to play the game with large funds. --- Now I understand, institutions and we are not even on the same level. They are losing what we earn in a year. --- Losing so much in 20 days and still daring to hold positions? Do they have confidence or are they just stubbornly holding on? --- Daily interest cost of 150,000. If this guy doesn't turn back now... --- I really can't hold it anymore. To maintain the position, they are spending so much money every day. If the market doesn't rise again, they are done. --- I just want to ask if this old trader is still thinking about doubling. The pressure must be huge now. --- Looking at these data, I am more convinced that I should be more cautious. Don't follow the big funds' playbook.

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HypotheticalLiquidator

· 17h ago

Oh my god, a $150,000 daily lending fee... This is damn like gambling with your life. This guy probably didn't calculate the liquidation price correctly. If the price can't rebound after stopping the decline, the health factor will plummet straight down, and a chain of liquidations is imminent. A position of $740 million can't really hold up under this volatility, just waiting for that fatal K-line.

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ResearchChadButBroke

· 17h ago

$745 million in long positions, earning $150,000 in interest per day... This guy is really playing big. Losing money every day and still adding more funds, just thinking about it makes me feel exhausted. This is the difference between big capital and us. They can endure losing tens of millions, while we give up after losing a few hundred bucks haha. It's incredible that they haven't been liquidated until now; if it were me, I would have run away long ago. Fees, fees, fees—the money quietly eaten away is the most disgusting, even more painful than direct losses. I just want to know if this guy is betting on a big rebound... The stakes are pretty heavy.

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DuskSurfer

· 17h ago

Oh my goodness, earning $150,000 in interest every day, this guy is really ruthless ===== Bought the dip at 745 million, but got eaten up by a fee of 3 million? Is this the happiness of the wealthy? ===== I just want to know how he can sleep at night, still holding a floating loss of over 50 million ===== This operation is truly outrageous, with a daily fund rate of 150,000, really thinking it's small money ===== We can't understand the game of big players, but he has earned enough from the fund rate just this month to pay off his mortgage ===== Floating loss of 50 million and more, and the key is he's still bleeding daily, this pace is really incredible ===== Do you think this guy is a gambler or a gambling god? I'm a bit confused ===== Looking at the scale of his position, I know it's not a strategy that retail investors like us can understand ===== Losing 52.26 million in 20 days without closing the position? How strong must his mentality be? ===== The cost of fund rate is over 3 million, this cost is astronomical for ordinary people

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