Crypto Holders Face Losses as BTC, ETH Prices Fall

Major cryptocurrency holders are nearing their cost lines as Bitcoin (BTC) and Ethereum (ETH) prices continue to fall. MicroStrategy, which holds 712,600 BTC at an average cost of $76,037, is seeing its unrealized gains diminish as BTC prices approach this cost line. Meanwhile, Tom Lee’s Bitmine, holding 4.243 million ETH at an average cost of $3,849, faces a floating loss of $5.92 billion with ETH prices dropping to $2,400, resulting in a loss ratio exceeding 36%.

Yi Lihua’s Trend Research, holding 651,500 ETH at an average cost of $3,180, is experiencing a floating loss of $475 million. The firm, which used leveraged borrowing for its position, faces a liquidation price of approximately $1,880 per ETH. These developments highlight the financial pressures on major crypto holders amid the current market downturn.