People say **"Crypto is just luck"** 🤷♂️
But this legendary whale (aka 1011 / BitcoinOG) shows it's far from that simple...
Right now, this beast of an account is **down ~$9.5M–$10M** in unrealized losses 📉
I dove into the wallet **0xb317…83ae** (tracked on Hyperliquid/CoinGlass) to see what's really going on.
**Overall stats? Still elite-tier strong 💪**
- Current Account Value: **~$215–217M**
- All-time Realized PnL: **+$86–88M** 🔥
- Total Trading Volume: **$4.4B+** (insane experience)
But the current open positions are feeling the heat with **3.66× average leverage** and **~70% margin usage** ⚠️
**Breaking down the current longs (as of today):**
- **
$BTC long @ 5×** → –$773K to –$873K unrealized 😬
- **
$ETH long @ 5×** → **–$10M to –$12M** (the big pain point) 📉
- **
$SOL long @ 10×** → **+$3.2M** (still green, nice cushion!) 📈
Massive positions built after that epic $197M+ short win earlier... but markets don't care about past glory. High leverage + correlation across majors = high risk when sentiment flips.
This whale has crushed it long-term through smart timing & conviction... yet even they eat big drawdowns.
**Reminder to everyone:**
Real profits come with **real risks** most retail never see or talk about. Leverage is a double-edged sword 🚀😭
What do you think — will this whale average down or get shaken out? Drop your take below! 👇
#Crypto #WhaleWatch #Bitcoin #Ethereum #LeverageTrading