Bitcoin Long Shows $3.25 Million Unrealized Gain After More Than Six Months

A trader’s roughly 1,000 Bitcoin (BTC) long position was valued at about $76.02 million in a Nov. 8 snapshot, with an unrealized gain of $3.25 million after more than six months at roughly 3x leverage.

The position’s unrealized loss had exceeded $10 million. Ongoing adjustments brought it back to break-even, after which it showed a profit that topped $10.27 million in mid-October. The gain had fallen to $3.25 million by the Nov. 8 snapshot.

Funding payments totaled about $2.83 million, nearly 87% of the current unrealized gain. The account had about $24.97 million in net equity and cumulative profit of about $376,400.