On the morning of January 8th, the on-chain data monitoring platform detected an interesting transaction — a whale address closed its BTC long position at 10:35. This position was quite large, with a $12.85 million stake, making it a significant trade on the chain. However, the timing of this whale's move seems less than ideal. From opening to closing the position, only 11 hours passed, and the final result was a loss of $147,000 before exiting. This address now holds no positions, indicating an intention to wait and observe the market trend before making further decisions. This operation also indirectly reflects that even large investors find it difficult to accurately grasp short-term market turning points.