A whale went long on Bitcoin with leverage, seeing their unrealized gains drop from $4.4 million to $3.75 million in unrealized losses

BlockBeats News, December 20th, according to LookIntoChain monitoring, on December 14th, a whale borrowed 25 million USDC from Aave and deposited it into Hyperliquid to long BTC at an entry price of $101,662.9.

Three days later, BTC surged to above $108,000, setting a new high and bringing the whale over $4.4 million in unrealized profits.

However, the whale did not close the position. Due to BTC's recent downturn, the whale is currently facing an unrealized loss of $3.75 million.