According to the latest monitoring data from the on-chain data tracking platform, a well-known early Bitcoin participant's large long position account has recently encountered significant setbacks. The account currently holds a total long position of approximately $874 million, but unrealized gains have been sharply reduced to only $9.6 million—this is a stark contrast to the previous peak of over $60 million. More painfully, this account has already spent over $7.9 million on funding fees.

Specifically, the whale's position structure is quite diversified:

ETH longs are the largest, about $712 million, with an unrealized profit of $6.67 million; BTC longs are $92.62 million, with only $1.12 million in unrealized profit, indicating considerable pressure; SOL longs are $68.39 million, with unrealized gains of $1.79 million, showing relatively more stability.

From the data, it can be seen that although this large holder's position size is enormous, the current profit margins are under obvious pressure. Especially, the unrealized gains on BTC longs are nearly squeezed to the limit, reflecting the market's short-term volatility's direct impact on large positions. In this situation, every funding fee paid by the account further erodes profit margins, and the subsequent market trend will have a key influence on its position performance.