BTC OG Large Holder Position Reversal: $796 million Mega Order Drops from Profit to Loss

【BitPush】According to on-chain monitoring data, some early Bitcoin holders (OG) have experienced a clear reversal in their large long positions. The total holdings of these whales amount to approximately $796 million, and they have shifted from profit to floating loss, with a loss of about $5.27 million.

Regarding the specific composition of their holdings, the situation varies:

ETH faces the greatest pressure—203,340 ETH long positions are under a floating loss of $6.14 million. This position was obviously trapped at a high level, and subsequent market adjustments have put significant pressure on this position.

Although the BTC long position is relatively small (1,000 BTC), it has also not been spared, with a floating loss of about $1.36 million. This reflects that even smaller positions cannot fully avoid risks amid market volatility.

SOL is currently the only bright spot—511,612.85 SOL long positions are still in profit, with a gain of approximately $2.23 million. This indicates that the timing of opening this position was relatively good, or that SOL has recently shown relative resilience.

Overall, the shift from profit to loss in this massive holding not only reflects recent market adjustment pressures but also suggests that even seasoned players are facing challenges in the current market environment.

BTC0,08%
ETH0,29%
SOL-0,14%
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GasFeeCryvip
· 01-10 04:04
Damn, even OG is starting to lose money. The market really isn't looking good now. --- Damn, a quick turnaround of 796 billion USD. That’s really bad. --- ETH with a floating loss of 6.14 million laughs out loud. The feeling of buying at a high is really uncomfortable. --- BTC with only 1,000 coins lost 1.36 million? How bad is it really? --- Here, only SOL is still making money; other coins are not doing well. --- Early big investors can't save this market either. I wonder if it can rebound. --- A trap of 5.27 million. How long will it take to climb out this time? --- Is this the prelude to another big investor cutting losses? I still feel there's hope later. --- Honestly, seeing OG start to lose money makes me a bit anxious. --- Why does SOL still have floating profits? This coin is really resilient to drops.
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EntryPositionAnalystvip
· 01-09 09:39
This wave of OG can't hold up either, with 796 billion USD directly turning from profit to loss... Who will fill the 6.14 million gap in ETH? The feeling of taking over at a high position is indeed uncomfortable. Speaking of SOL still being profitable, isn't that ridiculous? Is this a copy-paste market? BTC with only 1000 coins still losing so much? I think it's a timing issue for long positions. OG also has its failures, indicating that this round of adjustment is indeed ruthless.
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ForkMongervip
· 01-08 12:15
lmao the "og holders" getting recked is peak protocol darwinism... 796m going from green to red just proves governance structures cant protect anyone when systemic vulnerabilities surface. btw sol carrying the bag while eth drowns at higher altitudes? thats not alpha, thats just margin of disruption doing its thing
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TerraNeverForgetvip
· 01-08 12:13
That's why I said don't go all in, even OG can't withstand this wave of correction. Even those veteran players are trapped, and we're still hoping to get rich. SOL's lone survivor is still making money, while everyone else is taking losses. It seems this year we need to change our approach; diversifying risk is the key.
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SybilSlayervip
· 01-08 12:07
Wow, even OG got caught? This market is really ruthless, over 700 million and still losing more than 5 million. ETH is really hurt this time, those who bought at high prices must be starving now. But SOL is still making money, how is this guy so unique... BTC only has 1,000 coins and can still lose 1.36 million, I must be really bad to compare with this.
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BlockDetectivevip
· 01-08 11:59
Even OG whales are starting to break, this market really has no one who can escape. --- Seven hundred ninety-six billion dollars can turn around instantly, ETH is under a lot of pressure, those who bought at high levels are feeling uncomfortable. --- Interesting, SOL is still laughing there, while others are crying. --- A thousand BTC can lose 1.36 million, this wave of damage is indeed significant. --- If even OG can't hold up, we small investors have no chance at all haha. --- It's another scenario of being trapped at high levels, when will we be able to get out? --- SOL standing out alone is a bit strange, everything else is in the red. --- Is this the legendary "a night back to the pre-liberation days"? --- Being trapped at high levels has become the norm, no wonder big players can't escape either. --- A floating loss of over five million, just looking at it makes me uncomfortable, OGs also have to lower their heads.
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NFTregrettervip
· 01-08 11:53
Wow, OG whales are starting to get hit too. It seems no one can escape this round of correction. BTC has only lost 1.36 million, and luckily it's not my position haha. ETH's 6.14 million hole is really the price of catching the top. SOL is still making money. How is it so outrageous? Could it be that the holding structure can save lives? Wait, 1,000 BTC losses still count as a small position? I'm really broke. Over 796 million in open positions wiped out. This time, it’s really brutal. Just ask those OGs now, with seven-figure losses, they can never go back. It’s too devastating.
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