Major BTC and ETH Leveraged Long Positions Face Over $13M in Unrealized Losses Amid Market Drop

Hyperinsight data cited by BlockBeats on February 28 show that the largest leveraged long positions in BTC and ETH are sitting on a combined unrealized loss of more than $13 million amid the recent market decline. The address "pensionusdt.eth" holds a 3x leveraged BTC long valued at $63.6 million with an average entry of $66,800 and an unrealized loss of $3.17 million, while the trader "ETH Swing Master" has a 15x leveraged long position in ETH totaling $129 million at an average price of $1,991, carrying an unrealized loss of about $9.6 million. As of the time of the report, neither position has been reduced or closed, Hyperinsight data show.