A snapshot timestamped 2:42 a.m. ET Sunday, Nov. 15 (07:42 UTC) showed an unidentified whale's open Bitcoin position with unrealized losses above $680,000 and a reported return of -29.64%.
The long represented 97.15 BTC, carried 3x leverage and had a reported value of about $6.22 million. The entry average stood at $71,035, while $48,004 was listed as the liquidation price.
The loss was unrealized at the time of the update, meaning it described the position before a close. The reported return and dollar loss are two measures attached to the same trade. The $6.22 million figure is the position's stated value, not the reported loss. The snapshot concerns one account and does not establish how Bitcoin performed across the wider market.
