Onchain whale 'sat0shi777' faces over $3M in paper losses after getting squeezed on both BTC and ETH trades

June 28 — HuoXing Finance, citing EmberCN monitoring, said a well-known onchain whale address, 'sat0shi777', has ended up in an unusual bind: losses on both a Bitcoin long and an Ethereum short. The wallet opened a 468 BTC long on June 24 at an average entry price of $62,729, implying a position size of about $29.38 million. After Bitcoin slid below $60,000, the long is now showing an unrealized loss of roughly $1.86 million. During yesterday morning's selloff, the whale added a 47,500 ETH short at an average price of $1,536, with a notional value of around $72.94 million. Ether later stabilized instead of extending the drop, leaving the short down about $1.23 million on an unrealized basis. Together, the two positions total approximately $102 million in market value and are currently sitting on more than $3.09 million in combined unrealized losses.