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The "Steady as a Rock" whale has held its ground with a BTC long position opened at $118,000, with 13 trades in the month all ending in profit.
BlockBeats News, October 28th, according to HyperInsight monitoring, a whale with an address starting with "0x88b" has seen its 40x leveraged BTC long position established 10 days ago facing a floating loss of $1.4 million. The entry price was $118,000, with the position's nominal value reaching around $40.45 million. The floating loss has reached 140%, but the whale continues to hold without any repositioning.
On October 20th, the BTC position at this address experienced a floating loss of over 252%, equivalent to $2.48 million. Its long positions in SOL, HYPE, ETH, and others were also trapped at high levels, resulting in a $3.16 million floating loss. As of the time of writing, the SOL, HYPE, and ETH positions have turned losses into gains and were closed four days ago. The weekly P&L has changed from a $5.8 million loss to a $2.6 million profit. Currently, only the BTC long position remains in the portfolio.
In addition, this address prefers intraweek trend trading, having opened approximately 75 positions since its establishment on July 11th, with a total win rate of 95%. It opened 13 positions in the current month with a 100% win rate. The average holding period exceeds 4 days, often utilizing high leverage and low margin-to-equity ratio when entering a position, never averaging down and maintaining a belief in market rebounds.
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