2026-01-08 05:26:07

Interesting things have happened. A big player recently made a big move on a certain DEX platform—yesterday, they opened a position of 3846 BTC long, once pushing their position to a scale of $350 million, becoming the largest BTC long on the platform. At that time, they also placed an order to go long BTC up to $93,300.

What happened next? In the past 4 hours, this individual directly closed all 3846 BTC longs. The paper loss was about $3.6 million. After closing the position, the $31.7 million margin in their account was also withdrawn entirely.

Looking at this guy’s real assets is even more interesting. He holds 30,060 stETH, worth about $97 million. He also has $370 million in assets deposited in a certain lending protocol. In recent days, he has been gradually depositing $35.5 million into a certain trading platform. Clearly, he’s not a small player.

This operation is indeed a bit thrilling—just one day from opening to closing, losing several million in the leverage game. It seems that even wealthy big players have to question themselves at such high target prices for BTC.

BTC-0,17%

STETH-0,72%

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CrossChainBreather

· 9h ago

Wow, this guy is really rich. Losing $3.6 million in a day without changing his face? Holding over 90 million stETH in his hand, how strong is his heart?

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defi_detective

· 16h ago

Everyone is equal in the face of leverage; no matter how much money you have, you can't withstand a wave of reversal.

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AlwaysAnon

· 01-08 05:56

Haha, another leverage dream shattered story. 3.6 million just disappeared like that. Why is the speed of losing money so fast? Truly a one-day trip. No matter how rich someone is, they can't sustain playing like this. But on the other hand, his 97 million stETH holdings are quite stable. This price level is indeed easy to get trapped. I think he will definitely keep messing around later on.

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SleepyValidator

· 01-08 05:55

Haha, another good show. Losing 3.6 million in 4 hours. This guy really dares to play. The "foolish and wealthy" series has added another member. Leverage really can turn the toughest wallets soft. I just want to know what his mindset is right now. He's still holding 97 million in stETH. How long will it take to recover from this wave? Damn high-position long orders. No matter how awesome the account is, it can't beat the market rhythm. This is the most real lesson.

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GateUser-0717ab66

· 01-08 05:52

Haha, this guy is really ruthless. Losing 3.6 million in a day and acting like it's nothing. Us ordinary folks would have to work a lifetime to earn that much.

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DancingCandles

· 01-08 05:47

Ha, 3.6 million just disappeared like that, really ruthless. It seems that the 93,300 price level is indeed a threshold.

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MerkleMaid

· 01-08 05:43

This is the real story of how new investors are cultivated. No matter how much money you have, you can't resist playing like this.

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LightningHarvester

· 01-08 05:38

Haha, this guy's long dream is shattered. 3.6 million is gone just like that.