BTC Long Position Worth $49.1M Shows $4.49M Unrealized Loss After 24 Days

A large holder maintains a 20x leveraged long position of 537.83 BTC valued at $49.1 million, currently showing an unrealized loss of $4.49 million after 24 days, Onchain Lens data show. The position's floating loss reached $9.5 million on December 2, but has since narrowed as Bitcoin prices recovered.