2026-01-08 05:23:10

In the past 4 hours, a large trader experienced a dramatic position adjustment. This whale account previously held a massive bullish stance on BTC, with a target order at $93,000, and established a super large long position of 3,846 BTC on a well-known trading platform, once reaching a scale of $350 million, becoming the top BTC long on that platform.

However, the market clearly did not follow his script. Within just a few hours, this large trader chose to close all positions—selling off all 3,846 BTC longs in one go. The final result was a loss of approximately $3.6 million. After closing the position, the account still had $31.7 million in margin, which was also directly withdrawn.

Interestingly, this address itself is a heavyweight holder: it also holds 30,060 stETH (worth about $97 million), and has deposited $370 million worth of assets into a major lending protocol. Based on recent operations, he has been gradually depositing $35.5 million into a derivatives platform, attempting to amplify gains through leverage, but ultimately failed.

BTC-0,13%

STETH-0,01%

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fork_in_the_road

· 01-08 22:05

Haha, this time really can't hold it together. 350 million USD just gone like that, losing 3.6 million feels like playing around. --- The curse of leverage, always a classic textbook case. --- No, this guy still has nearly 1 billion in assets lying around. 3.6 million is probably just a drop in the bucket for him. --- Going long to the point of liquidation, this is the magic of crypto haha. --- If the direction is wrong, no matter how much money you have, it's useless. It only takes a few hours. --- This is real whale operation. Even losing money, he still has to try. --- All 3846 coins sold off in one go... How ruthless do I have to be to make such a decision? --- It seems this guy is testing his own risk tolerance. --- Just can't understand why leverage is necessary. Isn't spot trading more straightforward?

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TokenVelocityTrauma

· 01-08 05:52

Oh no, it's another shattered dream story, the fate of leverage traders.

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MagicBean

· 01-08 05:51

Oh no, another leveraged dream shattered. $3.6 million just disappeared.

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Web3Educator

· 01-08 05:44

lmao $3.6M lesson in "why leverage isn't a personality trait" — fundamentally speaking, this is textbook overconfidence meets market reality 📖

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BlockchainGriller

· 01-08 05:39

Ha, another leverage dream shattered story, 3.6 million just gone like that? Rich people really have a different way of losing money, they can still keep lying down. That's why I say leverage is the devil; no matter how strong the whale, it can't withstand a slap from the market. 3846 BTC just disappeared, really thrilling. Why does it feel like these liquidation news are happening more and more recently? Is the market so fierce? The $93,300 that was hyped up for so long, the market is just that realistic. Making money is easy, losing money is even easier. Leverage traders will never learn this lesson.

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MintMaster

· 01-08 05:26

$3.6 million just disappeared like that; leverage is really a double-edged sword.

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