Unrealized loss exceeds $84 million, BIT-associated whale opens long position on 120,000 ETH with 15-20x leverage

Odaily Odaily Planet Daily reported that according to on-chain data, as ETH dropped below $1,600, the unrealized loss on the 120,000 ETH long position held by the BIT-associated whale has exceeded $84 million.

Data shows that the position was established with 15 to 20x leverage, and a cumulative funding fee of approximately $1.85 million has been paid.