A whale is experiencing a floating loss exceeding $10 million on long positions in Bitcoin and Ethereum but is still choosing to leverage further and go long on Bitcoin. Despite the sizable unrealized loss, the whale is committed to increasing their position in Bitcoin. This strategy indicates a belief in the long-term potential of Bitcoin, despite the current market fluctuations. Other traders may view this approach as either risky or opportunistic, depending on their market outlook. Continuing to leverage while facing losses can signify either an unwavering confidence in Bitcoin’s recovery or a calculated risk.
