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A big whale is tasting the flavor of a long position. This massive address holds long positions worth $310 million in BTC, ETH, SOL, and XRP, currently with an unrealized loss of $1.451 million.
The worst hit is the SOL portion—$46.43 million in positions have already lost $817,000. Even more heartbreaking, this guy added to his SOL position 2 hours ago, but the market didn't give him face. From the high point yesterday evening to now, the paper profit of this long position has shrunk by nearly $10 million, completely turning from profit to loss.
This is a portrayal of the risks of going long.