Unrealized loss drops from $88.5 million to $108,000, BIT-linked whale's 120,000 ETH position valued at $271 million

Odaily News: A BIT-linked whale previously faced an unrealized loss of approximately $88.5 million. With its 120,000 ETH holdings still unsold, the price has returned near its cost basis. As of press time, the whale's four addresses collectively hold approximately 120,000 ETH, with a position value of about $271 million and an average entry price of $2,261.23. Following the ETH rebound, its position briefly broke even this morning, but a slight pullback has brought the total unrealized loss to roughly $108,000. After completing its position buildup, the entity continued to hold and topped up margin, with the liquidation price now lowered to approximately $1,195.95. Factoring in the cumulative funding fees of approximately $4.9 million paid since opening the position, the whale has not yet fully recovered its capital.