Big Crypto Whale on the Edge of the Cliff: Applied Wrong Strategy in Bitcoin and Six Altcoins, Now Could Lose Millions of Dollars!

Investors suffered great losses in the consecutive declines in Bitcoin and altcoins. While the recent decline wiped out billions of dollars from the cryptocurrency market, a whale almost defied the decline but now faces the risk of being liquidated and losing millions of dollars.

According to Lookonchain's sharing, one of the victims of the recent drop, the giant whale, opened long positions in Bitcoin and six altcoins but is facing an unrealized loss of $17.5 million.

According to this, the whale opened long positions on Bitcoin (BTC), Solana (SOL), HYPE, ONDO, HBAR, SUI, and TRUMP with ratios ranging from 3x to 20x.

However, as the decline deepens, this whale is currently facing unrealized losses of $17.5 million.

However, the risk of the whale does not end there. According to the data, if Bitcoin continues to fall and the price falls to $74,000 levels, the whale could lose a total of $25 million. As Lookonchain shared, since the whale's perp equity is the total balance, the loss carries the risk of reaching $17.5 million + $7.4 million if the price falls to $74,000.

However, if the BTC price rises, the liquidation will not occur and the whale will be able to cover its losses and make millions of dollars in profit.

As the market drops, the whale has lost $17.5M from going long on $BTC, $SOL, $HYPE, $ONDO, $HBAR, $SUI and $TRUMP.

When $BTC drops to $74,571, he will be liquidated. pic.twitter.com/ezjcXDFsP5

— Lookonchain (@lookonchain) February 27, 2025