BTC whale closes all $350 million long positions, with a total loss of $3.6 million

LiquiditySurfer · 2026-01-08T04:28:12+00:00

A large trader closed 3,846 BTC long positions in a short period, incurring a loss of approximately $3.6 million due to a change in market outlook. He still holds a significant amount of assets and recently made large transactions but ultimately chose to cut losses quickly.

LiquiditySurfer

2026-01-08 04:28:12

Abstract generation in progress

【Block Rhythm】Recently, there was an interesting trading story. A trader holding a large amount of funds closed all 3,846 BTC long positions (worth about $350 million) in the past 4 hours, resulting in a loss of approximately $3.6 million. This guy had previously placed a buy order expecting BTC to rise to $93,300, but it seems his plan has changed now. After closing the positions, he withdrew all remaining $31.7 million in margin from his account, acting quite decisively.

Speaking of this address’s background, it’s quite notable. He holds 30,060 stETH, with a market value close to $97 million. At the same time, he has deposited $370 million worth of assets on Aave, making him a major player. In recent days, he has successively invested $35.5 million into Hyperliquid, and yesterday, he built a position of 3,846 BTC long, once becoming the platform’s largest BTC long position, with the peak position size reaching $350 million. But he didn’t hold on for long and exited all positions. Such operations suggest either a wrong judgment of the market direction or some change that forced him to cut losses. More details would help clarify the logic behind this trade.

BTC0,49%

STETH0,38%

AAVE-0,26%

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Blockwatcher9000

· 01-11 04:16

This guy considers $3.6 million as tuition fees, his mindset must be incredibly strong... But looking at how much assets he still holds in his hands, this loss is probably just a drop in the bucket for him.

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VitalikFanAccount

· 01-09 03:19

Haha, this guy is really on fire. He closed his $350 million long position just like that, losing 3.6 million but still able to admit defeat. I just don't understand why he had to go all-in at this position?

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SellTheBounce

· 01-08 13:15

Big players can't escape human nature either... A loss of 3.6 million teaches you a lesson: there's always a lower point waiting for you. One second you're still watching at 93,000, and the next second you run away to withdraw. This rhythm... It's a typical chasing high tactic; selling on rebounds is the way to go.

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MevHunter

· 01-08 04:54

3.6 million USD can be lost just like that; how strong must one's mindset be, haha

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RektCoaster

· 01-08 04:48

$3.6 million just disappeared like that. I was still dreaming yesterday about 93,300... Now I'm just accepting the loss and running away. How shattered must my mindset be?

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rekt_but_vibing