2026-01-08 01:24:26

On-chain data shows that the top whale wallet (0xfb7...e0a3), which previously earned $96.67 million through Ethereum swing trading, executed a large-scale liquidation operation in the past hour—closing a long position of 3,846 BTC in one go, with a total value of approximately $350 million, resulting in a final loss of $3.8 million.

This whale's trading logic is quite clear: yesterday, it transferred a large amount of 35.5 million USDC to a leveraged trading platform, then aggressively increased its BTC position. By 2 a.m. today, its holdings had reached 3,846 BTC, with an average entry price of $92,096. However, the subsequent market movement seemed unfavorable—BTC prices pulled back, and this wallet decisively closed its position this morning at an average price of $91,158.

Interestingly, after the stop-loss, this whale also withdrew the remaining 31.7 million USDC from the leveraged trading platform back to its on-chain wallet. This series of actions reflects a cautious attitude toward the market’s future trend and provides market participants with an interesting risk management case.

BTC0,07%

ETH0,27%

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LeekCutter

· 22h ago

Wow, 380 million out of 3.8 billion went down the drain, and this is called risk management? I think this is being cut off.

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ChainMelonWatcher

· 01-08 01:52

Oh no, this whale also got wrecked. The 96 million profit was almost completely wiped out with 3.8 million lost, truly a night to forget. Making so much profit and still losing so decisively shows that the market is indeed fierce.

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WalletAnxietyPatient

· 01-08 01:47

Oh no, even this whale can't hold on. Investing 350 million directly resulted in a loss of 3.8 million, it's hard for me to watch. 3846 Bitcoins were liquidated all at once—how scared must they be? I truly understand that mindset. Stop-loss isn't wrong, but why is it so hard to get it right? Feels like I'm just as bad. At least they still have 31.7 million USDC as a safety net; I don't even have the courage to set aside a safety net. But honestly, this move was actually okay. At least they knew when to run, much better than those who stubbornly hold on.

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orphaned_block

· 01-08 01:39

Oh no, 3.8 million just disappeared like that... But this whale still has a brain. They cut losses in time and pulled back the principal. If it were me, I would have held the position until bankruptcy.

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LiquidityWizard

· 01-08 01:37

ngl, $3.8M loss on a $350M position is like... statistically speaking, that's actually a 1.09% drawdown? dude's risk management is theoretically textbook but empirically just watching money evaporate. the real plot twist is pulling 31.7M USDC back—that's giving "i'm scared of what's next" energy fr

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SnapshotLaborer

· 01-08 01:33

Oh no, this whale also got wrecked, losing 3.8 million and still daring to talk about risk management? --- Over 96 million earned is now lost, this is the cost of leverage. --- Decisive stop-loss, no doubt about that, but throwing 350 million in and losing it all is too ruthless. --- Even big players can be mistaken, no one expected this wave of BTC correction. --- What does it mean to withdraw to the chain? Is this cowardice or hoarding coins? --- Whales that can earn over 90 million can also lose, no one in this industry truly wins. --- Stopping loss so decisively, it actually makes the situation seem more dangerous later. --- Clearing all 3,846 Bitcoins in one go, their courage is really big.

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