2026-01-08 05:21:52

Recently, an interesting trading story happened on the blockchain. A whale holding billions of dollars in assets placed a bet on BTC rising to $93,300 on a major exchange a few days ago, establishing a long position of 3,846 BTC, totaling $350 million, making it the largest long position on the platform at one point.

But the good times didn't last. Within the past 4 hours, this whale suddenly changed its mind and closed the entire long position of 3,846 BTC. According to on-chain data, this trade ultimately resulted in a loss of about $3.6 million. After closing the position, the remaining $31.7 million in margin was fully withdrawn.

Interestingly, this address also holds 30,060 stETH (with a market value of about $97 million) and has locked $370 million worth of assets in a lending protocol. In recent days, the address has also transferred $35.5 million to a derivatives trading platform, seemingly planning to continue trading there. Such large position changes always spark some market reflections.

BTC0,13%

STETH0,39%

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AirdropJunkie

· 7h ago

$3.6 million says it's a loss, how strong must that mentality be, haha --- $350 million dumped in 4 hours and then fully withdrawn, is this insider information or just a slip of the hand? --- The whale is closing positions here, then turning around and pouring $35.5 million into the derivatives platform. Looks like they don't want to give up even after losing. --- stETH, lending, derivatives—this guy is all in on a certain story. --- Only $3.6 million ran away? If it were retail investors, they would have been liquidated long ago. Wealthy people are just reckless. --- Huh, is this shifting blame or truly bearish? The subsequent actions are crucial. --- 3846 BTC fully cleared within a few hours. This pace... either insider information or a mental breakdown.

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SellTheBounce

· 01-10 03:31

3.6 million loss and you want to run? Wake up, this is just the beginning. There are always lower points, and you should sell on rebounds. Look at this guy still messing around with derivatives, typical bagholder mentality.

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MetaNomad

· 01-09 06:12

A $3.6 million loss, and still calmly transferring funds to continue trading? This guy's mindset is truly remarkable.

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AlphaLeaker

· 01-08 05:52

A $3.6 million loss and he just turns around to play derivatives—this guy really can handle the pressure. If it were me, I would have closed the position and taken a break long ago.

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MEVHunterX

· 01-08 05:43

A loss of 3.6 million USD is nothing, this guy still holds 370 million locked in lending protocols. Truly a gambler's style.

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BlindBoxVictim

· 01-08 05:42

3.6 million USD just lost like that, and still calmly transferring money to other platforms to keep playing. Now that's a mindset!

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MeaninglessApe

· 01-08 05:31

Haha, 3,846 BTC lost 3.6 million and then ran? How rich must this guy be? I wouldn't even want to lose that much, then he turned around and threw another 35.5 million into derivatives... I really can't imagine the happiness of a big player.

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AirdropFreedom

· 01-08 05:24

Hmm... this guy lost 3.5 billion and directly lost 3.6 million, then transferred another 35.5 million to the derivatives platform. I really can't hold it anymore.

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