Gate News message, April 28 — A Bitcoin whale known as @Jason60704294 is facing significant losses on a 397.718 BTC long position, currently down $178,000 according to on-chain analyst Ai Yi. The losses peaked at $488,000 earlier today as Bitcoin briefly dipped below $77,000.
On-chain data revealed a 2,759.11 BTC long order placed at a limit price of $77,686.50 on a major exchange yesterday afternoon, valued at approximately $214 million. Community members are speculating this position may belong to the same whale; if confirmed, total losses could expand to $1.237 million.
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