Latest on-chain monitoring shows that the position size of a leading trader OG whale's long positions has reached $910 million, making it a key market indicator. However, the details behind the data are even more intriguing.

From the account history, this position has accumulated over $7.5 million in funding costs, in other words, holding this position has a significant time cost. Even more concerning is the clear decline in unrealized profits—dropping from over $60 million to $44.9 million, a decrease of nearly 25%.

Breaking it down specifically: ETH longs account for the largest share, approximately $740 million, with an unrealized profit of $35.14 million; BTC longs amount to $95.12 million, but unrealized profit is only $361,000, indicating heavy pressure; SOL positions are relatively resilient, with a $72.73 million position locking in $6.14 million in unrealized profit.

The interesting part is—this trading logic is quite straightforward: using continuous funding costs to bet on the continuation of the trend. Under high leverage, once a trend reversal signal appears, the situation can deteriorate rapidly. So the only thing to watch now is whether this bullish trend can continue to gain market recognition.