A whale opened positions in the top three altcoins, incurring a cumulative unrealized loss of $1.536 million, and is suspected of being the first to exit its BNB position.

On October 10, on-chain analyst Ai Yi (@ai_9684xtpa) monitored wallet address 0xC37...59813, which began accumulating positions on September 23. The address deployed approximately $11.6 million to purchase the three major altcoins $UNI, $LTC, and $BNB. As the broader market declined, the combined unrealized loss across the three positions reached $1.536 million. Among them, the UNI position consists of 1,014,020 tokens (currently valued at $8.91 million), with an average entry price of $8.79 and an unrealized loss of $1.409 million, accounting for over 90% of the total loss. The LTC position consists of 12,397 tokens ($841,000), with an average entry price of $67.86 and an unrealized loss of $540,000. Currently, this address has deposited 2,380 BNB (approximately $1.85 million) into Binance within a 20-minute window, seemingly preparing to close out its BNB position first. If sold, it would incur a loss of approximately $73,000, while no actions have yet been taken on the UNI and LTC positions.